Tag: bloomberg news

The used-car industry isn’t exactly on firm footing, going by recent events. A major lender went bust just before a ...

Federal Reserve officials delivered their second consecutive interest-rate reduction to support a softening labor market, and said they would stop ...

Huntington Bancshares Inc. agreed to buy Cadence Bank for $7.4 billion, the Ohio bank’s second major acquisition this year to ...

Auto dealers who lend money to buyers with spotty credit histories pushed subprime lender PrimaLend Capital Partners into bankruptcy, the ...

PrimaLend Capital Partners filed for bankruptcy after months of negotiations with creditors following missed interest payments on its debt, the ...

Tricolor Holdings’ chaotic collapse and potential double-pledging of autos to creditors sent Fifth Third Bancorp executives on a “house-to-house” search ...

Creditors of PrimaLend, which provides financing to auto dealerships that cater to subprime borrowers, are weighing pushing the firm into ...

General Motors Co. has decided not to offer federal tax credits on electric vehicles that were in transit to dealers ...