Investment Firm Forgives $70 Million in New York City Taxi-Cab Debt (WSJ)
Largest holder of taxi-medallion loans is throwing lifelines to thousands of drivers
(Wall Street Journal, reporting by Paul Berger) The largest holder of New York City taxi-medallion loans is throwing lifelines to thousands of drivers struggling to survive a collapse in ridership caused by the new coronavirus pandemic.
Marblegate Asset Management LLC, a Greenwich, Conn., investment firm, has given about 2,000 medallion-owner drivers a l…
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