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Nicole Casperson and Joey Pizzolato

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BMW to ‘safeguard’ captive liquidity as COVID-19 drops volumes

BMW Group’s global finance structure and diversified funding sources insulate BMW Financial Services from potential liquidity

US jobless claims top 5.2 million, erasing a decade of gains

More than 5 million Americans filed for unemployment benefits last week, bringing the total in the

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

Regulatory risks in providing coronavirus-based payment deferrals [VIDEO]

The coronavirus outbreak has resulted in an economic recession spurred by shelter-in-place orders that have shuttered

Subprime stocks drop $7B in market cap since March

The auto finance sector has been pressured from all sides since COVID-19 took root in the

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

GM Financial revamps strategy for digital revolution

GM Financial’s revamped digital marketing strategy is the result of greater collaboration with General Motors. At

Fear of an impending car-price collapse grips auto industry

The auto industry — already fretting lengthy factory shutdowns and depressed new-vehicle demand — is starting

Credit Union Auto Lending Surges

David Thompson

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