A subprime auto lender collapsed. Wall Street has questions

次级汽车贷款机构倒闭。华尔街有疑问。

Behind the Money

2025-09-24

19 分钟
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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 - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Tricolor collapse sparks concern about health of US subprime auto sector Debt linked to collapsed subprime auto lender Tricolor tumbles JPMorgan and Fifth Third face losses tied to collapsed subprime car lender - - - - - - - - - - - - - - - - - - - - - - - - - -  Follow Amelia Pollard on X (@ameliajpollard) and Bluesky (@pollard.bsky.social) and Akila Quinio on X (@akilazoe). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
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  • It's Monday, September 15th.

  • And it looks as if there is like an emergency evacuation.

  • There's notes on the front desk and packages stacked up next to each other.

  • That's my colleague Amelia Pollard.

  • She's the FT's U.S. investment correspondent,

  • and she's standing on the side of a highway just outside Dallas,

  • Texas, peering into the reception area of a large car refurbishing center,

  • basically like a giant repair shop.

  • It's a massive refurbishing center.

  • Like, I mean, it just stretches back the equivalent of like seven city blocks.

  • And...

  • There's like maybe a hundred cars like sitting outside.

  • The reason she's here is