Auto lending

Ally to exit RV, airplane and transportation equipment lending

08/29/18

The Detroit bank wants to focus on its core business instead, but other institutions have seen rapid growth in loans for recreational vehicles and other large pieces of transportation equipment.

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Santander Holdings released from three-year-old enforcement action

08/16/18

The Federal Reserve had ordered improvements in compliance, board oversight, risk management, capital planning and liquidity risk management that spanned multiple subsidiaries.

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Toyota finance arm lines up next CEO

08/06/18

Toyota Financial Services has promoted a company insider to replace Mike Groff, who is retiring at the end of this month.

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Consumer debt is at an all-time high. Should banks be worried?

07/30/18

As memories of the financial crisis fade, consumers are back to their old spending and saving habits — and that could be a big problem.

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Ally’s Q2 results helped by auto loans, hurt by deposit trends

07/26/18

The Detroit company is facing stiffer competition in the battle for online deposits, but it has benefited from a key rival's retreat in auto lending

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Has Santander Consumer turned the corner on credit?

07/25/18

As the company boosts originations to subprime and other borrowers, it remains to be seen if the improvements in asset quality will continue. A similar question mark is hanging over many consumer lenders these days.

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How a strong Midwest economy is stifling Huntington's growth

07/25/18

The Ohio company said low unemployment is keeping business clients from expanding, while higher asking prices are forcing it to avoid bank acquisitions.

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Provision for loan losses plummets at Santander Consumer

07/25/18

That improvement and loan growth made up for a lower margin in a more profitable second quarter, but the loan growth relied heavily on the subprime lender's partnership with Fiat Chrysler that could be ending.

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KeyCorp exec bolts for Toyota

07/25/18

Vipin Gupta, who was chief information officer at Key Community Bank, will oversee strategy for information technology at Toyota Financial Services.

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Wells Fargo freed from sanctions over treatment of service members

07/24/18

The OCC has terminated a 22-month-old consent order that stemmed from allegations that the bank unlawfully repossessed cars of members of the U.S. military.

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