Pre-emptive lawsuits envisaged
Friday 3 November 2017 14:05 London/ 09.05 New York/ 22.05 Tokyo
The threat of significant losses has sparked concern that the US subprime auto ABS sector could see pre-emptive legal actions emerging. With spreads continuing to tighten in the face of increasing delinquencies, investors may start to question whether they are being adequately compensated for the risks involved.
Joe Cioffi, partner at Davis and Gilbert, says that while losses in subprime ...
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