Tag: Wells Fargo

Auto financiers are bracing for the rocky road ahead as vehicle sales plummet, consumer demand tanks and expected credit losses ...

This week kicked off first-quarter earnings season with JPMorgan Chase, Wells Fargo, Bank of America, and Consumer Portfolio Services reporting ...

JPMorgan Chase and Wells Fargo are stockpiling reserves in the expectation of increased credit losses as a result of the ...

Santander Consumer USA’s total funding and liquidity is likely to sustain the subprime lender through the COVID-19 economic crisis. SCUSA ...

Bank of America’s auto division has deferred “tens of thousands” of auto loans since first implementing its consumer relief measures ...

Increased loss reserves from Current Expected Credit Losses (CECL) requirements, and the resulting transparency required from auto lenders, could ease ...

Editor's note: This article first appeared in the April edition of the magazine, available now. After a decade of exponential ...

Wells Fargo Co. is the latest big bank to suspend repossessions, joining Bank of America and Chase Auto, as cases ...