another subprime crisis

[ftan42]

this time for subprime auto loan?

 

[cocobobo]

most auto loans are by ah long companies. Good riddance

 

[k1976]

this time for subprime auto loan?

Bank Loan bad debt as well

 

[ftan42]

These are US auto loans widely recognized as Asset-Backed Securities (ABS), structured similarly to subprime housing loan Collateralized Debt Obligations (CDOs), which triggered the housing financial crisis in 2008

 

[ftan42]

In November 2025, UBS Group AG will wind down two hedge funds under its Chicago-based O'Connor business after incurring losses linked to the bankrupt U.S. auto parts supplier, First Brands Group.
This brings to mind the 2023 crisis involving Credit Suisse and bond investors, where holders of a specific type of bond (AT1) were entirely wiped out during the merger with UBS.

 

[ftan42]

UBS to liquate all funds with substantial exposure to First Brands

 

[k1976]

In November 2025, UBS Group AG will wind down two hedge funds under its Chicago-based O'Connor business after incurring losses linked to the bankrupt U.S. auto parts supplier, First Brands Group.
This brings to mind the 2023 crisis involving Credit Suisse and bond investors, where holders of a specific type of bond (AT1) were entirely wiped out during the merger with UBS.

Plan A : Classic Exit Strategy Model:

Cash out => Shut door => Run Road

 

[ftan42]

The Federal Reserve (Fed) recently convened a private meeting with Wall Street banks to address liquidity stress or over key lending facilities in money markets. While the Fed has not disclosed the exact number of banks involved, some social media and YouTube sources have referred to the gathering as an "emergency meeting of 25 major banks" or one big cartel. However, verified reports from financial news outlets confirm the meeting took place at the New York Fed.

 

[ftan42]

Blue Owl Capital Inc., a prominent alternative asset manager, is facing challenges as it proceeds with a contentious merger between two of its business development companies (BDCs). This merger has resulted in a suspension of investor redemptions in one fund, raising concerns about potential losses for those investors. Upon completion of the merger, private investors may face significant losses when their illiquid shares are converted into publicly traded shares.