Financial News

Swapalease, a car lease marketplace, reports car lease credit applicants registered a 72.3 percent approval rate in February, an increase from the January rate of 70 percent, though everything may…
Ford Motor Company is taking a series of initiatives to further bolster the company’s cash position amid the coronavirus health crisis, maintain strategic flexibility on behalf of its team and…
In the week ending March 14, the advance figure for seasonally adjusted initial claims was 281,000, an increase of 70,000 from the previous week's unrevised level of 211,000, according to…
The auto loan default rate dropped 10 basis points, to 0.89 percent, according to data released by S&P Dow Jones Indices and Experian through February for the S&P/Experian Consumer Credit…
Ally Financial Inc. announced that it will suspend its repurchases of common stock for the remaining period of the first quarter and second quarter of 2020. Ally, in a release…
The Federal Reserve Board announced on March 17 that it will establish a Commercial Paper Funding Facility (CPFF) to support the flow of credit to households and businesses. Commercial paper…
Daimler AG has decided not to hold the company’s Annual Shareholders’ Meeting as scheduled on April 1, but to postpone it to a later date in 2020, according to a…
Experian announced Experian Boost as the winner of the “Consumer Lending Innovation Award” in the 2020 FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that…
Spartan Motors Inc.’s sales jumped 32 percent in 2019. The North American company focusing on specialty vehicle manufacturing and assembly for the commercial and fleet vehicle industries (including last mile…
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