Fed amends stress test due to COVID-19
COVID-19 is changing the Federal Reserve’s oversight of banks, Randal Quarles, vice chairman of supervision...
US jobless claims extend gradual decline, remain elevated
Applications for U.S. unemployment benefits extended their slow decline despite a stream of business reopenings,...
Fed: Big banks tighten credit standards on auto loans
Eight major banks tightened auto loan underwriting standards in the first quarter, according to the...
Can auto ABS weather the pandemic?
In the past few weeks, six auto lenders have jump-started the securitization market after a...
Prime issuers inject $3.6B into ABS market
The auto asset-backed securities market has seen a revival in the last week after nearly...
Bank of America postpones CECL, sets aside $3.6B for COVID-19
Bank of America has tapped the Federal Reserve's March 27 option to defer estimated capital impact...
