Key insight: M&T Bank's Wilmington Trust subsidiary plans to defend itself against allegations that it didn't appropriately fulfill its duties as custodian to several Tricolor-related trusts.What's at stake: The collapse of the subprime auto lender in September led to hundreds of millions of dollars in losses across lenders and investors. Federal prosecutors have brought fraud charges against several former Tricolor executives.Forward look: Wilmington Trust may take a financial hit, though the company hasn' ...

U.S. prosecutors are probing a group of telecoms firms after BlackRock's private credit arm, HPS Investment Partners, said it lent them over $400 million backed by receivables that appear to be fake, ... ...