U.S. Markets open in 4 hrs 6 mins
  • MarketWatch6 days ago

    Auto lender Santander checked income on just 8% of subprime loans bundled into bonds

    Santander Consumer USA Holdings Inc., which is counted among the biggest subprime auto-loan firms, verified income on just 8% of borrowers on loans it recently bundled into $1 billion of bonds, Moody’s ...

  • Reuters6 days ago

    Citi struggles to bring back shine to its Mexican crown jewel

    MEXICO CITY/NEW YORK, May 24 (Reuters) - The newly refurbished Citibanamex branch in Mexico City's affluent Del Valle neighborhood opens into a Scandinavian-chic space where salespeople chat with clients at touch screens. The lines symbolize the challenge: overcoming the legacy of years of underinvestment and a series of scandals that left the 133-year-old institution lagging rivals in technology, profitability, market share and customer satisfaction. Despite upbeat assurances from Citi's New York headquarters, the view from the ground is that the bank has yet a lot of ground to recover and local and regional executives acknowledge they have catching up to do.

  • Auto Lender Santander Checked Income on Just 8% in Subprime ABS
    Bloomberg8 days ago

    Auto Lender Santander Checked Income on Just 8% in Subprime ABS

    Santander Consumer USA Holdings Inc., one of the biggest subprime auto finance companies, verified income on just 8 percent of borrowers whose loans it recently bundled into $1 billion of bonds, according ...