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The red-hot auto market, which shows few signs of slowing down after a year in which prices soared, continues to serve as a rare source of loan growth for U.S. banks.
Ally Financial, one of the nation’s largest auto lenders, reported a record $1.55 billion in net financing revenue during the second quarter. It also made decisions on 3.5 million loan applications for the first time.
More diversified banks also benefited last quarter from the auto boom. At JPMorgan Chase, auto originations jumped by 61% year-over-year to a record $12.4 billion. Fifth Third Bancorp and U.S. Bancorp also reported strong performances in car loans.
Maxime Bernier Brings His Freedom Tour to Duncan
SHARE ON: Mark Friesen (PPC Candidate for Saskatoon-Grass) speaks before a crowd at Art Mann Park in Duncan. Maxime Bernier spoke later in the day. Photo: Nicholas Arnold
People’s Party of Canada (PPC) Leader Maxime Bernier spoke at Art Mann Park in Duncan yesterday afternoon, as a part of his Freedom Tour.
The PPC was established in 2018, after Bernier failed in an attempt to be the leader of the Conservative Party. He lost to Andrew Scheer in the final round of elections by 0.9% of the vote after winning the first twelve rounds of the race. After a year with the Scheer-led Conservatives, he left to form his own party.
The completion of Lakeside Village marks first of three major construction projects as outlined in the Roadmap to Our New Century, a multi-year plan that will advance UM s influence on society. Photo credit: UM Housing
Upon graduation in 2025, members of today’s freshman class will celebrate their personal achievements as well at the University of Miami’s as it marks its centennial.
During the next four years, the university will have implemented many of President Julio Frenk’s goals to increase UM’s local and global stature and influence as a major private institution of higher learning.
In his 2016 inaugural presidential address, “Roadmap to Our New Century,” President Julio Frenk outlined a strategic, multi-faceted plan to advance UM’s influence and impact on a local, national and global scale by its 2025 centennial.
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