A string of losses at regional banks tied to alleged fraud were isolated incidents, but should be viewed as a reminder to be vigilant about underwriting standards,
“It is interesting that we’ve had three events that on the face seem to be three idiosyncratic events,” Solomon said in a CNBC interview Tuesday. “Three idiosyncratic events does not make a trend or a systemic issue by any stretch.”
Initial red flags came from subprime auto lender Tricolor Holdings, which filed for bankruptcy last month and triggered a near-total wipeout on some ...