Harley-Davidson ups loan loss provisions, plans restructure
Harley-Davidson will scale back its motorcycle model offerings and focus on high performing markets during the next five years. The ...
Tag: credit losses
Truist Bank ups credit loss provisions, boosts powersports loans
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 ...
US Bank’s credit loss reserve climbs amid pandemic
U.S. Bank’s second quarter was marked by a 43% increase from last quarter in credit loss provisions, a decrease in auto lending, and low delinquency rates as economic ...
PNC pumps up allowance for credit losses amid reduced delinquencies
PNC Financial Services is ratcheting up its allowance for credit losses amid the industrywide trend of dwindling delinquency rates in ...
Nicholas Financial direct originations skyrocket
Subprime lender Nicholas Financial has ramped up its direct loan originations 150.3% year over year, according to the company’s earnings ...
Fifth Third sets aside $129M for auto loan losses
Fifth Third Bank has set aside an additional $129 million in reserve for its indirect consumer loans, which consist predominantly ...
Truist pads reserves as deferred accounts remain current
A “majority” of Truist Bank’s 330,000 consumer loan deferrals are current, including the bank’s subprime auto book, Chief Risk Officer ...
Ally Financial allots $3B for credit losses, defers CECL
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 ...
