Advertisements


Analysis: Santander Share Buybacks Come Alongside Rising Auto Loan Delinquencies

In the Federal Reserve's second-quarter report on household debt and credit, a rise in auto loan delinquencies was identified, resparking an old conversation regarding subprime auto financing by lenders like Credit Acceptance Corp. (NASDAQ: read more.....»»

Category: blogSource: benzingaOct 14th, 2019

Auto Loan Delinquencies Up on Record-High Monthly Payments

Borrowing to purchase or lease a new or used vehicle reached a record-high average monthly payment level in the fourth quarter of 2018. Rising vehicle prices and interest rates combined to push the........»»

Category: blogSource: 247wallstFeb 28th, 2019

Car loan giant Santander reaches $550M settlement with Illinois, 33 other attorneys general

Thirty-four attorneys general announced a $550 million settlement Tuesday with auto loan financing company Santander over allegations it knowingly targeted consumers who were likely to default on its loans. Consumers who def.....»»

Category: topSource: chicagotribuneMay 22nd, 2020

GM suspends dividends, buybacks

General Motors said Monday it has suspended its quarterly cash dividend and its share buybacks to save cash in the face of the coronavirus crisis that has severely hurt global auto sales. Fred Katayama reports......»»

Category: videoSource: reutersApr 27th, 2020

Personal Finance Daily: How 2020 candidates would tackle disease outbreaks like coronavirus, and outstanding auto-loan balances just hit a new record and delinquencies are on the rise — should you be concerned?

Tuesday’s top personal finance stories.....»»

Category: topSource: marketwatchFeb 25th, 2020

Outstanding auto-loan balances just hit a new record and delinquencies are on the rise — should you be concerned?

Nearly $66 billion of the $1.33 trillion in outstanding auto loans were over 90 days delinquent in the fourth quarter of 2019, up from $57 billion for the same period last year......»»

Category: topSource: marketwatchFeb 21st, 2020

Personal Finance Daily: Outstanding auto-loan balances just hit a new record and delinquencies are on the rise and what to make of Morgan Stanley’s acquisition of E-Trade

Friday’s Personal Finance Stories......»»

Category: topSource: marketwatchFeb 21st, 2020

Market Extra: Cracks in the $1.3 trillion auto-finance market aren’t curbing investor demand for risky debt

Subprime auto bonds with “junk” BB-ratings are fetching yields of only about 3.5%, versus 9% four years ago, even though late-stage auto loan delinquencies are piling up......»»

Category: topSource: marketwatchFeb 19th, 2020

Auto-Loan Delinquencies Spike To Q3 2009 Level, Despite Strongest Labor Market In Years

Authored by Wolf Richter via WolfStreet.com, But what will happen to banks and automakers when the cycle turns? Serious auto-loan delinquencies – 90 days or more past due – jumped to 4.69% of outstanding auto loans and leas.....»»

Category: blogSource: zerohedgeMay 17th, 2019

How Wall Street Banks "Masked" A Record $350 Billion In Subprime Exposure

The latest monthly auto-loan data from the Fitch Auto ABS Index showed something very troubling: subprime delinquencies 60 days or more past due on the secondary market rose to 5.76% in February, the highest theyâ€.....»»

Category: blogSource: zerohedgeApr 20th, 2018

Here’s what more US auto loan delinquencies means for the economy

Despite a strengthening economy, more Americans are unable to make auto loan payments......»»

Category: topSource: foxnewsMay 29th, 2018

S&P buybacks brisk in second-quarter, may set another record: S&P Dow Jones

S&P 500 companies engaged in a brisk pace of share buybacks in the second quarter, putting them on track to near or beat the first quarter's record level, according to a S&P Dow Jones Indices analysis......»»

Category: topSource: reutersAug 6th, 2018

Rising interest rates mean fewer no-interest auto loans being offered by dealers

Rising car inventory and climbing interest rates are responsible for the growing scarcity of these no-interest loan of.....»»

Category: topSource: usatodaySep 18th, 2018

S&P 500 buybacks set another quarterly record: S&P Dow Jones

S&P 500 companies have set another record in share repurchases in the third quarter and look on track to break above $200 billion in buybacks for the quarter, according to an S&P Dow Jones Indices analysis......»»

Category: topSource: reutersNov 16th, 2018

Auto-loan delinquencies are the highest since 2012

The percent of auto loans in serious default has risen to the highest level in almost seven years, as consumers with weak credit struggled to make payments despite a strong U.S. economy and tight labor market......»»

Category: topSource: moneycentralFeb 12th, 2019

A record 7 million Americans are 90 days late on their auto loan payments, an economic red flag

When car loan delinquencies rise, it is usually a sign of significant duress among low-income and working-class Americans......»»

Category: topSource: washpostFeb 12th, 2019

China"s Geely raises $836 million from share sale

Geely Automobile Holdings Ltd said on Friday it raised HK$6.48 billion ($836 million) from a share placement as the Chinese automaker looks to replenish its coffers to finance growth in the world's largest auto market......»»

Category: topSource: reutersMay 29th, 2020

Auto industry big part of Italy GDP, fair to back FCA for job creation: minister

The auto industry represents a significant share of Italy's economy and it is right to support those who create jobs, Deputy Economy Minister Laura Castelli said when asked about Fiat Chrysler's request for state-backed loans......»»

Category: topSource: reutersMay 19th, 2020

Auto industry key part of Italy GDP, fair to support FCA if creates jobs: minister

The auto industry represents a significant share of Italy's economy and it's right to support those who create jobs in the country, Deputy Economy Minister Laura Castelli said when asked about Fiat Chrysler's request for state-backed loans......»»

Category: topSource: reutersMay 19th, 2020

SoftBank OKs $4.7 billion in stock buybacks; Jack Ma resigns from board

SoftBank Group Corp. said late Sunday, Eastern time, that longtime board member Jack Ma has resigned, and the company announced up to $4.7 billion in share buybacks. Ma, the co-founder of Alibaba , ha.....»»

Category: topSource: marketwatchMay 17th, 2020

U.S. home loan delinquency rates expected to quadruple post Covid-19

Nationwide, economists expect to see increases in serious delinquencies as high as four-fold by the second half of 2021......»»

Category: topSource: bizjournalsMay 13th, 2020