US Bank’s credit loss reserve climbs amid pandemic
U.S. Bank’s second quarter was marked by a 74% increase from last quarter in credit loss provisions, a decrease in auto lending, and low delinquency ...
Tag: Allowance for credit losses
Bank of America reports charge-off decline, credit loss increases
Bank of America increased its allowance for credit losses in line with an emerging trend set by Chase Auto and ...
Chase Auto originations trough and peak in Q2
Chase Auto’s originations plummeted early in the second quarter to levels not seen since the Great Recession before rallying to ...
Wells Fargo Auto ups allowance for loan losses amid COVID-19
Wells Fargo Auto’s second quarter was marked by increases in allowance for credit losses and net charge-offs, and a fall ...
Santander ramps up reserves by $2.5B
Santander Consumer USA has increased its allowance for credit losses by $2.5 billion due to Day 1 CECL impacts and ...
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 ...
