Tag: Allowance for credit losses

A decline in auto loan production offset growth in Fifth Third’s consumer portfolio in the fourth quarter as the bank ...

PNC Financial Service’s auto book shrank for the fourth consecutive quarter, contributing to an overall decline in consumer loans during ...

Wells Fargo Auto is hoping to increase automation within its loan approval process by investing in the company’s origination system ...

Major domestic banks are pumping the brakes on increasing reserve balances in the fourth quarter amid improving macroeconomic conditions. Nearly ...

Direct loan originations for Nicholas Financial increased 18% year over year to $2.4 million in principal balances in the first ...

Ford Motor Credit outpaced expectations in Ford’s overall second-quarter performance, cementing it as a “pillar of strength” for the company with a ...

Santander Consumer USA joins more than eight other lenders in upping its allowance for credit losses on a quarterly basis ...

Capital One’s auto division propped up the bank’s overall second-quarter performance, Chief Executive Richard Fairbank said on the company’s earnings call yesterday. “While the ...