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…

Read More

UK inflation cools to 3.2 in November

Shoppers walk past shops on Regent Street on the final weekday before Christmas in London on December 22, 2023. Henry Nicholls | Afp | Getty Images The U.K.’s inflation rate cooled sharply to 3.2% in November, boosting the chances of the Bank of England cutting interest rates at its final meeting of the year on…

Read More