Tag: Coronavirus

Wholesale used-vehicle values have continued to outpace past reporting periods, evidenced by a spike to 155.9 in Manheim’s mid-July used-vehicle ...

In late February, the financial department at Westlake Financial Services noticed something interesting: A few key words kept resurfacing during ...

Truist Bank continues to accrue for potential loan losses as the country faces the coronavirus economic crisis.   Truist’s provision for credit losses totaled $844 million “given ...

U.S. Bank’s second quarter was marked by a 74% increase from last quarter in credit loss provisions, a decrease in auto lending, and low delinquency ...

Bank of America increased its allowance for credit losses in line with an emerging trend set by Chase Auto and ...

A squeeze in vehicle inventories could affect budding car sales across the U.S. following pandemic-spurred shutdowns, the Federal Reserve System ...

Applications for U.S. unemployment benefits posted the smallest weekly decline since March after coronavirus cases surged and reopenings paused or ...

Chase Auto’s originations plummeted early in the second quarter to levels not seen since the Great Recession before rallying to ...