Earnings
Santander increases Chrysler penetration rate to 36%
Santander Consumer USA drove up its Chrysler Capital loan origination volume and quarterly penetration rate during the third quarter, an...
You’re welcome: The Fed gifts a strong auto finance sector
Apparently, Halloween is the new Christmas in auto finance. Yesterday, the Federal Reserve gifted the industry a 25-basis-point interest rate...
Ford Credit increases cash distribution
Ford Motor Credit increased its cash distribution to Ford Motor Co., injecting $1.1 billion into the OEM, compared with $700...
Daimler edges past torrid few months to see strong rest of year
Daimler AG showed signs of moving past a rough few months marred by two profit warnings by predicting a strong rest of...
SunTrust grows loan portfolio as merger with BB&T awaits DOJ approval
SunTrust Banks’ indirect and direct consumer portfolios increased by double digits as the bank continues to aim for a fourth-quarter...
FASB extends accounting deadline — for some
Smaller banks and credit unions now have until 2023 to comply with the Financial Accounting Standards Board’s new credit loss...
Earnings roundup: Ally, Chase, US Bank boost auto originations in 3Q
Ally Financial, Chase Auto, and U.S. Bank Dealer Services all grew origination volumes in the third quarter despite a mixed...
Wells Fargo Auto originations climb 45% YOY
Origination volume for Wells Fargo Auto is on a growth trajectory, as the bank reported a 45% year over year...
