Tricolor execs charged with ‘systematic fraud’ after subprime auto lender roiled banking sector

A Tricolor dealership in Mesa, Arizona, US, on Wednesday, Sept. 24, 2025. Mark Felix | Bloomberg | Getty Images U.S. prosecutors charged top executives of bankrupt subprime auto lender Tricolor Holdings with what they described as a years-long, “systematic fraud” scheme that sent shockwaves through the banking sector earlier this year. In an indictment unsealed…

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AI is driving huge productivity gains for large companies while small companies get left behind

Amazon Proteus robots demonstrate autonomous navigation using barcodes on the floor during the Delivering the Future event at the Amazon Robotics Innovation Hub in Westborough, Massachusetts, US, on Thursday, Nov. 10, 2022.  Bloomberg | Bloomberg | Getty Images Artificial intelligence is widening the productivity gap between large and small companies, lifting up bigger firms that…

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