A subprime auto lender collapsed. Wall Street has questions

The recent collapse of Tricolor Holdings, a subprime auto lender in Texas, has left a trail of losses and questions from Wall Street to low-income immigrant communities throughout the American south-west. The FT’s US banking correspondent Akila Quinio, and Amelia Pollard, US investment correspondent, explain what they’ve found.

Clip from Fifth Third

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For further reading:
Tricolor collapse sparks concern about health of US subprime auto sector (ft.com/content/27de0a41-4dd4-410c-92de-b30ec46…)
Debt linked to collapsed subprime auto lender Tricolor tumbles (ft.com/content/1f8dbc28-77d7-48b3-8e58-5ca7338…)
JPMorgan and Fifth Third face losses tied to collapsed subprime car lender (ft.com/content/ca014f40-7d51-489b-b76a-5def937…)

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Follow Amelia Pollard on X (@ameliajpollard (x.com/ameliajpollard)) and Bluesky (@pollard.bsky.social (bsky.app/profile/pollard.bsky.social)) and Akila Quinio on X (@akilazoe (twitter.com/akilazoe)). Michela Tindera is on X (@mtindera07 (twitter.com/mtindera07)) and Bluesky (@mtindera.ft.com (bsky.app/profile/mtindera.ft.com)), or follow her on LinkedIn for updates about the show and more.

Read a transcript of this episode on FT.com (ft.com/content/52054b29-bd68-4d2b-b395-0ad5a1d…)
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