08/20/24 - Press Release: ZimCal disturbed by Medallion Financial’s second quarter results.
ZimCal raised concerns about poorly trending 2Q24 results, while noting that the problems were not insurmountable with quick, decisive action by MFIN. ZimCal has provided a blueprint for a way forward through its 5 Steps to Improvement white paper. ZimCal’s long-term view remains overwhelmingly positive if MFIN has the right governance and leadership team in place.