Santander and Vroom ink multiyear deal
Santander Consumer USA has expanded its online financing via a freshly inked multiyear agreement with Vroom, the companies announced today. The partnership ...
Tag: jp morgan chase
CECL reporting adds transparency for investors
Increased loss reserves from Current Expected Credit Losses (CECL) requirements, and the resulting transparency required from auto lenders, could ease ...
Chase virtual sessions up 5x since COVID-19 outbreak
JPMorgan Chase has executed almost 150,000 concurrent virtual sessions in the past few weeks which, according to CEO Jamie Dimon, is ...
JP Morgan: Credit losses to hit crisis levels as residual values drop
The negative impacts of the coronavirus crisis on the auto industry will likely put pressure on residual values and increase ...
JPMorgan joins Goldman in cutting profit estimates for S&P 500
The rapid spread of the coronavirus has made equity strategists at Goldman Sachs Group Inc. and JPMorgan Chase & Co. ...
Bank of America, JPMorgan Chase, Wells Fargo report CECL impact
As big banks adopt the Current Expected Credit Losses (CECL) rule, effective Jan. 1, the increase in the allowance for credit ...
Arivo Acceptance secures warehouse facility with JPMorgan Chase
Subprime lender Arivo Acceptance has secured an expandable $200 million warehouse line of credit with JPMorgan Chase, Steve Pachella, chief ...
You’re welcome: The Fed gifts a strong auto finance sector
Apparently, Halloween is the new Christmas in auto finance. Yesterday, the Federal Reserve gifted the industry a 25-basis-point interest rate ...
