Regions bailing on indirect auto lending

Regions Financial is exiting oblique automobile lending for the second time in touch over a decade.

Like other banks that have quit the commercial enterprise of making vehicle loans via vehicle dealers, executives stated lackluster returns and negative potential for developing broader relationships with the debtors.

Essentially we weren’t making any cash there,” Scott Peters, head of customer banking, said at the Birmingham, Ala., corporation’s current investor day in New York. “This circulates out of indirect automobile goes to allow us to position that capital to paintings in other.

Joel Butler

Skydiver, coffee addict, DJ, Vignelli fan and critical graphic designer. Acting at the nexus of art and computer science to create not just a logo, but a feeling. I sometimes make random things with friends. Music specialist. Web enthusiast. Avid thinker. Introvert. Student. Beer advocate. Coffee expert. Pop culture guru.

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