“The big focus for us is just in making sure that we do the things we need to do to monitor collateral,” Spence said Monday in a Bloomberg TV interview. “Because you can’t have a secured loan deliver an unsecured loss without it being painful, which of course it was.”
Subprime auto lender Tricolor filed for bankruptcy in September, with lenders including Fifth Third, JPMorgan Chase & Co. and Barclays Plc bracing for potential ...