JPMorgan’s refusal to increase Hertz bid costs co-investors billions

JPMorgan’s refusal to increase its bid for Hertz in a bankruptcy auction this spring — despite pressure from co-investors — now looks like a multi-billion dollar mistake as the rent-a-car industry revs back to life, a source said. The bank, which owned most of Hertz’s debt, wouldn’t raise its bid in the May 12 bankruptcy...

Yol, Haberleri, Trafik