The onset of the COVID-19 pandemic in the Spring 2020 brought immense market uncertainty, which in turn placed serious strain on contractual relationships. Amid that strain, a question.
Bancorp Bank has been ordered to return a $12.5 million deposit to an asset manager over a "market disruption" clause in a $825 million securitization deal the two sides put together in 2020 but had to terminate due to the COVID-19 pandemic.
Cascade pursues massive $3.1 billion inaugural auto-loan ABS americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.