JPMorgan warns that First Brands and Tricolor bankruptcy has increased credit stress and pushed up banks' funding costs
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 [...]