Big Banks Find a Back Door to Finance Subprime Loans – Wall Street Journal


Wall Street Journal

Big Banks Find a Back Door to Finance Subprime Loans
Wall Street Journal
That is now the domain of direct lenders such as Exeter Finance LLC, based in Irving, Texas. But where does Exeter get the money to make subprime auto loans? From Wells Fargo and Citigroup. They have helped lend Exeter $1.4 billion for that very

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