Santander halts $942M subprime auto ABS sale amid turmoil

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Santander Consumer USA on Wednesday delayed the sale of $942 million of bonds backed by subprime auto loans as the deepening Credit Suisse Group AG crisis added to turmoil in debt markets, according to people with knowledge of the matter. The $942 million sale, led by Citigroup Inc., was part of a $1.3 billion asset backed securities […]





Source : AutoFinanceNews