Banking and Lending
Auto financiers tapping the brakes on subprime lendingFri, 03, Jun 2016
Executives at some of the biggest banks in auto lending are tapping the brakes on subprime lending, especially at the lower end of the credit spectrum. But they insist the credit environment is good for auto lending overall.
Auto lending market 'a little stressed,' JPMorgan Chase CEO Dimon saysThu, 02, Jun 2016
JPMorgan Chase CEO Jamie Dimon said the market for U.S. automobile lending is “a little stressed” and that he foresees higher losses ahead for some competitors.
May sales drop 6.1% on weak car sales; SAAR stays strongWed, 01, Jun 2016
The U.S. auto industry recorded its biggest monthly sales drop in nearly six years in May as most automakers posted declines amid plunging demand for passenger cars. May volume fell 6.1 percent to 1.5 million vehicles. Still, the SAAR came in at 17.46 million, a level on par with last year’s record sales.