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JPMorgan takes $170M charge-off on Tricolor ties
Yahoo Finance· 2025-10-14 12:08
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. JPMorgan Chase recorded a $170 million charge-off in the third quarter connected to bankrupt subprime auto lender Tricolor, executives said Tuesday. “It is not our finest moment,” CEO Jamie Dimon said during a media call Tuesday.  Dallas-based Tricolor, which also sold used cars, filed to liquidate in bankruptcy court Sept. 10. Federal prosecutors are investigating t ...