Tag: Premium

U.S. Bank continued to scale back auto lending during the fourth quarter due to market competition and lower return levels.  ...

Prime auto loan-backed securitization volume shot up 50.7% in 2023, to $77.2 billion, as 13 lenders entered or rejoined the ...

Citizens Financial continued to run off its auto portfolio in the fourth quarter following the bank’s exit from indirect lending ...

PNC Financial cut automotive allowance for credit loss coverage for the second straight quarter even as it maintained a recessionary ...

Chase Auto’s originations grew year-over-year in the fourth quarter of 2023 as the bank snagged additional market share while prioritizing ...

Wells Fargo Auto tightened credit in the fourth quarter, contributing to a decline in auto originations and outstandings.   Auto originations ...

Bank of America’s auto originations dipped in the fourth quarter as credit continued to normalize and commercial loans to vehicle ...

Longtime Ally Financial leader Doug Timmerman today was named the lender’s interim chief executive, succeeding Jeffrey Brown.   Brown, who ...