Subprime Auto Loans Surge in U S Amid Boom and Scrutiny
The subprime auto loan market expands with securitized bonds led by Fiat Chrysler and Santander. Regulators probe underwriting, jobs, and incomes as regulators settle with Delaware and Massachusetts. Prospects hinge on investor yields around five percent vs Treasuries.
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Wells Fargo & Co
Fiat Chrysler Automobiles
Banco Santander
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Santander
Moody's Investors Service
Chrysler
Santander Consumer USA Holdings Inc
Delaware
Massachusetts
Chrysler Capital
Reid Bigland
Treasuries
Subway revamps stores as sales decline prompts makeover
Subway unveils a major redesign aiming to brighten its eateries and add counter displays and tablets. The plan targets 150 remodeled stores this year with broader rollout to 3,000 to 5,000 global locations by next year, amid four years of falling sales and franchise cost concerns.
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New York
Subway
Jimmy John’s
Firehouse Sabs
United States
Canada
John Gordon
Stock market holds steady as large caps falter while retailers rise
U.S. stocks largely held steady as smaller firms and retailers gained while health care and banks declined. The dollar weakened aiding mining and precious metals. bond yields fell lifting utilities. Nasdaq edged higher as indices touched record highs for the week. Amazon reports 40 million Prime Day items sold by third party sellers.
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U.S
Northern Trust
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Europe
Amazon
Peter Fariey
Marketplace
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