JPMorgan flags Tricolor and First Brands bankruptcies as credit stress spreads

JPMorgan analysts warned Monday that the bankruptcies of First Brands Group and Tricolor Holdings have ignited a new wave of credit anxiety, driving up banks’ funding costs and shaking confidence in the financial system’s hidden ties to private equity firms and hedge funds. The Jamie DImon-led bank said on Monday that these failures are driving […] source: https://www.cryptopolitan.com/jpmorgan-tricolor-first-brands-bankruptcies/