Capital One, Discover integration could cost $2.8B
Capital One announced its plans to acquire Riverwoods, Ill.-based Discover Financial Services and expects to spend $2.8 billion on integration costs, including tech conversion. …
Lenders note shift toward used vehicles amid affordability concerns
Some lenders are seeing an uptick in used-car loans in the wake of rising new vehicle prices. Huntington Bank has…
Open Lending CTO now part of Forbes Technology Council
Open Lending announced this week that chief technology officer Sarah Lackey has been elected to the Forbes Technology Council, an invitation-only community for CIOs, CTOs and technology executives. As a member of the council, Open Lending highlighted Lackey will provide … [Read More]
Morgan Stanley joins global carbon accounting coalition
Morgan Stanley has become the first top tier US bank to commit to measuring greenhouse gas emissions fueled by its loans and investment products.
JPMorgan remains bullish on Carvana, found ‘no red flags’
JPMorgan has reiterated its stance on Carvana following a report from short-seller Hindenburg Research that raised concerns regarding the retailer’s…
Digital wealth manager Syfe closes SG$40 million Series B
Singaporean digital wealth management firm Syfe has closed a SG$40 million Series B funding round.
19% consumer and retail fraud increase in England and Wales reports ONS
The Office of National Statistics (ONS) has reported there were approximately 3.6 million consumer and retail fraud incidents in 2024, a 19% rise for the same period in 2023.
Under the Hood: Executive compensation drops 5% in 2023
Though base salaries and stock awards increased, smaller bonuses drove a 5% decline in auto finance executives’ compensation in 2023,…
Ascent Dealer Services hires Mercer as VP of sales
This week, Ascent Dealer Services announced the appointment of James Mercer as vice president of sales for the provider of F&I solutions. Mercer brings nearly 20 years of experience in the automotive insurance sector. Most recently, he served as divisional … [Read More]
Natwest installs card recycling machines
Natwest is installing ‘reverse vending machines’ where people can recycle their old credit and debit cards.
Offshore bank Aston granted banking license
Guernsey’s last locally-based bank ceased trading in 1996, making Bank Aston the first to be licensed by the Guernsey Financial Services Commission (GFSC) for almost thirty years.
US jobless claims fall for a second week to lowest since July
Initial applications for US unemployment benefits fell for a second week to the lowest level since early July, despite a…
JP Morgan invests in B2B payments platform Slope
JP Morgan is making an equity investment in, and providing a debt facility to, AI-led business-to-business payments platform Slope.
UK businesses would adopt open banking for security benefits
More than 40% of British businesses are keen to integrate open banking into their operations citing the potential benefits of increased security and fraud prevention, but many are held back by lack of understanding, according to a study from NatWest.
ARA reveals new executive director & director of commercial operations
American Recovery Association (ARA) now has more professionals in place to serve its membership of recovery and remarketing professionals. Cherokee Media Group previously learned ARA promoted Todd Squires to be its new executive director. And then the association announced on … [Read More]