U.S. Bank indirect loan originations drop 29% YoY
U.S. Bank‘s indirect loan originations plummeted in the second quarter as regional and national banks reported improvements in credit performance. ...
Tag: Citizens One Auto Finance
U.S. Bank auto originations up 65%
Regional banks’ third-quarter earnings highlighted growth in auto, reflecting similar trends posted by national banks earlier this month. Bank of ...
Citizens’ auto portfolio continues runoff
Citizens Financial continued to run off its auto portfolio in the fourth quarter following the bank’s exit from indirect lending ...
Podcast: ‘Weekly Wrap’ on Fifth Third pullback, EV financing
Shake-ups in the market continued last week as Fifth Third pulled back from indirect auto in western states, EV prices ...
Citizens Financial plans more auto bond sales after exiting car lending
Citizens Financial Group Inc. plans to sell more bonds backed by prime auto loans following its first such deal last ...
Podcast: Weekly Wrap discussion on Citizens’ exit, changing dynamics
Last week, Citizens Financial Corp. pulled out of indirect auto, marking the second bank to voluntarily exit auto financing and ...
Changing market, rates prompt banks to exit auto lending
Relationship priorities, rising interest rates and changing indirect lending dynamics have contributed to several banks’ recent exits from indirect auto ...
After retreating for more than a year, Citizens exits auto finance
Citizens Financial Group is the latest bank to exit indirect auto lending following four quarters of pullback as the industry ...
