Hints and tips:
...IQ, an AI company helping lenders like Ally Financial add automation to the loan underwriting process....
...‘Perfect scenario’ Those look like V-shaped projections, Andrew Glenn thought to himself....
...USA Inc — in other words offering a dire signal on the outlook”....
...Mr Legere, 61, has cultivated what he calls a “bad boy” image since he launched his drive to whip T-Mobile USA into a genuine challenger....
...Campari will be hard hit by COVID-19 due to high On Trade exposure, especially in core markets of Italy and the USA....
...DD’s Indap v NYU’s Damodaran: Is stock compensation good or bad?...
...US court told PwC cut corners in Colonial audit Control+C, Control+V....
...“I don’t know anyone in a top position at a major publicly traded financial firm who is for him.”...
...Shares in Santander Consumer USA, one of the biggest lenders in the subprime segment, dropped to a record low of $9.41 on Tuesday, down almost two-thirds from last July....
...In the US, these include Santander Consumer USA and OneMain Holdings, both thriving during an era of low borrowing costs and an improving US economy....
...Last October, Lending Club was hit by the departure of one of its biggest loan buyers, Santander USA....
...Second, Santander USA is a unit in transition....
...When Santander Consumer USA sold a $1bn pool of subprime auto-loans this week, it made no pretence that the loans would be paid back in full....
...Santander Consumer USA, a subprime auto lender, has, by comparison, charge-offs approaching 8 per cent. Springleaf believes that the key to good underwriting is a branch network....
...(FT) China’s anti-graft campaign hit the financial sector Investigators are questioning an executive at China Minsheng Banking Corp over his political ties....
...A spokesman for Santander Consumer did not immediately respond to a request for comment....
...Ally, formerly General Motor’s financing arm, is down 4 per cent, while Santander Consumer USA, another auto lender, has lost about 20 per cent....
...There are no perfect comparables, but other consumer finance companies include Santander Consumer USA, a car lender that listed this year....
...But NYSE has lured six of the top 10 largest deals, including IPOs for Ally Financial and Santander Consumer USA, the US car loans arm of the Spanish banking group....
...Ally’s share price equates to a small discount to its book value, while Santander Consumer trades just below three times book value....
...Both developments seem to suggest that consumers do not actually need new ways of paying for things in addition to today’s coins, banknotes, credit and debit cards....
...Santander Consumer USA, which provides car loans to subprime borrowers, raised $1.8bn from its IPO in January, while Ally Financial the auto-lender bailed out by the US Treasury during the financial crisis...
...(Financial Times) Santander Consumer USA, a provider of auto loans to subprime buyers, has raised $1.8bn from an initial public offering amid a recovery in US car sales and strong investor interest in high-yielding...
...If a deal is struck, Santander Consumer USA, which has a loan portfolio of about €18bn, would replace Ally Financial – Chrysler’s current preferred lender, which is majority controlled by the US government...
...Jorn Lambert of MasterCard Worldwide said the service would be available to consumers through financial institutions in Australia and Canada by the end of March, and in the US and UK in spring and summer...
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