ABU DHABI / GULF TIME Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, …
Read More »Subprime auto has ‘credit issues’: Analyst
Bloomberg There may be trouble ahead for the debt fueling America’s car addiction. Securities backed by certain auto loans have “some real fundamental credit issues,†according to Chris Flanagan, a top-ranked analyst who specializes in structured finance at Bank of America Corp. The dangers lurk in subprime deals and in bonds supported by car rentals, Flanagan wrote in a note …
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