Tag: Coronavirus

More than 4 million Americans applied for unemployment benefits last week, bringing the five-week total during the coronavirus pandemic to ...

Nicholas Financial has furloughed 40 employees — or 15% of its workforce —  in response to the COVID-19 crisis, according ...

Automakers are headed for a less-drastic U.S. sales collapse than feared, according to market researchers. Retail sales to consumers are ...

Fifth Third Bank has set aside an additional $129 million in reserve for its indirect consumer loans, which consist predominantly ...

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 is shutting down its car-sharing service Maven just one month after suspending operations due to the impact of ...

Ally Financial has set aside $2.8 billion in retail auto reserves, a $1.8 billion year-over-year increase, as the COVID-19 crisis ...

General Motors has renewed its $1.95 billion, 364-day revolving credit facility for the “exclusive” use of its captive finance arm ...