Akila Quinio

In this engaging discussion, Akila Quinio, the US banking correspondent for the Financial Times, delves into the collapse of Tricolor Holdings, a subprime auto lender targeting low-income Hispanic immigrants. Listeners learn about the impact of a federal fraud investigation, the rapid liquidation proceedings, and the unsettling ties between major banks and Tricolor. The conversation also raises questions about the broader implications for consumer credit and Wall Street investors, highlighting the precarious nature of subprime lending in America.

In this engaging discussion, Akila Quinio, the Financial Times' banking correspondent, delves into the end of the UK's bailout era marked by the privatization of NatWest Group. She shares insights on the tumultuous journey of the Royal Bank of Scotland, from its nationalization to its rebranding and eventual recovery. The conversation highlights the financial implications of the government’s ownership on taxpayer burdens and public spending. Quinio also explores ongoing economic challenges in the UK and the potential risks of deregulation.