Earnings
CPS poised to survive pandemic
Consumer Portfolio Services, one of the few subprime auto financiers to have survived the 2008 credit crisis, will likely be...
Bank of America postpones CECL, sets aside $3.6B for COVID-19
Bank of America has tapped the Federal Reserve's March 27 option to defer estimated capital impact under current expected credit loss...
JPMorgan Chase, Wells Fargo hunker down for increased credit losses
JPMorgan Chase and Wells Fargo are stockpiling reserves in the expectation of increased credit losses as a result of the...
VW considers options for record $3.6 billion dividend
Volkswagen AG is considering whether to pay out a record 3.3 billion-euro ($3.6 billion) dividend as planned, or use at...
Ford Credit, GMF stocked with +$54B of liquidity, JP Morgan reports
Ford Motor Credit Co. and GM Financial have more than $54 billion of liquidity, JP Morgan estimated today. This is a...
Pandemic halts CPS earnings call
Subprime lender Consumer Portfolio Services has no immediate plans to reschedule its fourth-quarter earnings call and operating results report slated...
Attending our conferences with flexibility and care
At Royal Media, Auto Finance News's publisher, we take great pride in the value of our exceptional industry conferences and...
Carvana to amend securitization structure
Carvana will adopt a two-shelf securitization structure in 2020, said Chief Financial Officer Mark Jenkins during the company’s Feb. 26...
