JPMorgan Chase | Auto Finance News | Auto Finance News

Wells Fargo, Chase boost auto originations in 2Q

Wells Fargo and JPMorgan Chase recorded auto origination levels last quarter unseen in several years, according to results filed with the Securities and Exchange Commission. Wells Fargo Auto originated $6.3 billion of loans last quarter, up 43% year over year and up 17% from a two-year high recorded last quarter. Outstandings for the San Francisco-based bank […]

Moody’s to establish standard for quantifying cyber risk

Moody’s Corp. is working to establish a global standard for quantifying and assessing cyber risk for financial institutions. Through a joint venture with think-tank Team8, Moody’s will develop technology tools and methods to measure and analyze cyber risks facing lenders. Derek Vadala, global head of cyber risk for Moody’s, was named chief executive of the […]
  • Nicole Casperson
  • July 10, 2019
  • Risk

Chase Auto CEO Mark O’Donovan joins AFS for key session on the industry’s future

Auto Finance News is excited to host Mark O’Donovan, chief executive of Chase Auto, at this year’s Auto Finance Summit for a fireside chat on Tuesday, Oct. 28, at 9:15 a.m. PT. The 19th annual Auto Finance Summit will take place Oct. 28-30 at the Bellagio Las Vegas. Click here for the full agenda.  The […]

Group 1 extends $1.8B syndicated credit facility

Group 1 Automotive has extended its $1.8 billion revolving syndicated credit facility with 23 financial institutions, including four captive finance companies, for another five years, according to a company release. The credit facility will expire in June 2024 and have the option to expand to $2.1 billion. It was originally set to mature in June […]

Federal Reserve amends stress test model for auto loan losses

The Federal Reserve has changed the way it calculates estimated auto loan losses in the 2019 Dodd-Frank Act stress test, according to the Supervisory Stress Test Results published last week. Specifically, the Federal Reserve enhanced the probability of default component and the loss-given default component. The report notes that these adjustments change the way certain […]

JPMorgan Moves Piepszak Into Realm of Dimon’s Possible Heirs

Whenever Wall Street muses on who may someday replace Jamie Dimon atop JPMorgan Chase & Co., Marianne Lake’s name arises. For six years, she’s guided analysts and investors through the firm’s business as its chief financial officer. Now, Jennifer Piepszak is taking that stage, becoming CFO and joining a cadre of senior JPMorgan executives viewed […]

Wells Fargo’s CEO Search: Here Are Likely Outside Candidates

For more than two years, Wells Fargo & Co.’s board maintained an insider could reform the bank. Now that Tim Sloan has stepped down, directors are changing their tune — and must find an outsider who wants the job. Between a pair of visits to Capitol Hill and facing public criticism from the Federal Reserve […]
Page 1 of 712345 ...Last »