Subprime Firm Goeasy Dives 39% as Trouble Emerges in Auto Loans
Canadian subprime lender Goeasy Ltd. suspended its dividend, withdrew its outlook and said it will write off an additional C$233 million ($172 million) in consumer loans, interest and fees. The...
By Stephanie Hughes · Bloomberg Markets
Canadian subprime lender Goeasy Ltd. suspended its dividend, withdrew its outlook and said it will write off an additional C$233 million ($172 million) in consumer loans, interest and fees. The shares plunged as much as 39%.