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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Nikkei 225, Kospi, CSI 300

Mount Fuji and the Shinjuku skyline in Tokyo, Japan, on Friday, Feb. 14, 2025. Photographer: Kiyoshi Ota/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Asia-Pacific markets traded mixed Wednesday as investors parsed trade data that just came out of Japan. Japan’s exports in November grew 6.1% year on year, data from the country’s…

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Hassett says Fed independence is ‘really important’ and chair candidates shouldn’t be disqualified for being Trump’s friend

National Economic Council Director Kevin Hassett, one of the finalists for the Federal Reserve chair job, showed support Tuesday for central bank independence. With President Donald Trump apparently in the final days of picking a successor to Jerome Powell at the Fed, Hassett declined in a CNBC interview to directly address his own candidacy but…

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Jobs report November 2025:

A “Help Wanted” sign hangs in restaurant window in Medford, Massachusetts, U.S., January 25, 2023. Brian Snyder | Reuters Nonfarm payrolls grew slightly more than expected in November, the Bureau of Labor Statistics reported Tuesday in numbers delayed by the government shutdown. Job growth totaled 64,000 for the month, better than the Dow Jones estimate…

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