Prime issuers inject $3.6B into ABS market
The auto asset-backed securities market has seen a revival in the last week after nearly a month of no new ...
Search Results for 'coronavirus'
No Result
Despite furloughing staff, Nicholas Financial continues to accept loan applications
Despite furloughing 15% of its employees last week, Nicholas Financial is still accepting new loan applications, several dealers confirmed to ...
U.S. jobless claims at 4.43 million in labor rout’s fifth week
More than 4 million Americans applied for unemployment benefits last week, bringing the five-week total during the coronavirus pandemic to ...
Subprime Nicholas Financial furloughs 15% of staff
Nicholas Financial has furloughed 40 employees — or 15% of its workforce — in response to the COVID-19 crisis, according ...
Carmakers headed for 50% sales plunge breathe sigh of relief
Automakers are headed for a less-drastic U.S. sales collapse than feared, according to market researchers. Retail sales to consumers are ...
Fifth Third sets aside $129M for auto loan losses
Fifth Third Bank has set aside an additional $129 million in reserve for its indirect consumer loans, which consist predominantly ...
Truist pads reserves as deferred accounts remain current
A “majority” of Truist Bank’s 330,000 consumer loan deferrals are current, including the bank’s subprime auto book, Chief Risk Officer ...
General Motors folds car-sharing service Maven
General Motors is shutting down its car-sharing service Maven just one month after suspending operations due to the impact of ...
