How Will CitiFinancial Auto Fare?
As it battles plunging earnings, Citigroup Inc. announced today that it would slash headcount by 50,000 and reduce expenses by...
US Bancorp to Stick With Auto Finance, Despite 3Q Loss
Despite losing $84 million on automotive leases last quarter, US Bancorp remains committed to the auto financing business, its top...
Fairbanks Concedes Cap One’s Past Auto Finance Shortcomings
In a notable admission, Richard Fairbanks, the chairman and CEO of Capital One Financial Corp., yesterday acknowledged that the company...
Paulson Revamps Rescue Plan to Include Auto Lenders
Score one for auto finance. The good news: Treasury Secretary Henry Paulson announced today that rather than buying up distressed...
In Memoriam: Brent Smith
With sadness, we regret to inform you of the untimely passing of Brent Smith, an esteemed member of the AutoFinanceNews.net...
Credit Crunch Has Lenders Thinking Outside the Risk-Management Box
LAS VEGAS — The credit crisis is causing lenders to use more creative risk-management methods in order to make loan...
ABS Losses Creep Up Amid Slowing Volume
LAS VEGAS — Though ratings of auto finance securities have largely withstood fallout from the subprime mortgage meltdown, losses are...
ABS Conference Quiet as Market Coma Continues
HOLLYWOOD, Fla. — Attendees of the ABS East conference usually have little time to admire the scenery of the posh...
