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October 20, 2015 - Industry News

Q3 Auto Originiations Up at Wells Fargo, Chase Auto Finance

Wells Fargo and Chase Auto Finance grew third-quarter auto originations by 10% and 19%, respectively, with a Wells Fargo official noting that new auto sales were at their highest levels in a decade.

Tags: auto loan origination, Auto Loans, JP Morgan Chase, Quarterly Earnings, Wells Fargo

September 19, 2013 - Industry News

CFPB Orders Chase, JPMorgan to Refund $309M to Customers

The CFPB ordered another bank’s credit card division to repay customers for the way it delivered "add-on products" to customers.

Tags: CFPB, Chase, Consumer Financial Protection Bureau, JP Morgan Chase

September 19, 2013 - Industry News

CNBC: JPMorgan Likely to Lead Chrysler IPO

JPMorgan Chase is expected to underwrite the initial public offering for Chrysler Group, CNBC reported this week.

Tags: Chrysler Group LLC, initial public offering, JP Morgan Chase

September 24, 2010 - Industry News

Prestige Financial Establishes $150 Million Conduit Facility

Prestige Financial Services Inc. has established a $150 million asset-backed commercial paper conduit facility through JPMorgan Chase Bank N.A. in Chicago.

Tags: JP Morgan Chase, Prestige Financial

July 27, 2010 - Industry News

Loan Losses Improve for Nation's Largest Banks

Further evidence that losses from failed loans may have peaked in the first half of 2010 was revealed as the nation’s largest banks issued their second-quarter report cards.

Tags: Bank of America, Citigroup, JP Morgan Chase, Wachovia, Wells Fargo

October 15, 2009 - Industry News

Chase Reports Strong 3Q Earnings; Auto Originations Up 82 Percent

Driven mainly by its investment banking division, which offset losses on credit cards and consumer loans, JP Morgan Chase reported strong earnings for the third quarter 2009. As for its auto finance segment, originations were up 82 percent.

Tags: Auto Loans, Cash for Clunkers program, JP Morgan Chase

July 16, 2009 - Industry News

Chase Beats 2Q Expectations, But Lowers Auto Originations

Propped up by its investment banking division, JP Morgan Chase & Co.’s second-quarter profit in 2009 surpassed its own expectations. However, auto loan originations dipped from both the prior year and prior quarter.

Tags: JP Morgan Chase

April 24, 2009 - Industry News

First Quarter Snapshot: Captives and Non-Captives Report Lower 1Q Losses

The auto finance industry struggled through the first quarter of this year, but several companies reported lower losses compared to the fourth quarter 2008.

Tags: AmeriCredit, BMW Financial Services, Capital One Auto Finance, Finance, Ford Credit, General Electric, JP Morgan Chase, Wells Fargo

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