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Banks Hit the Skids as CUs Move Into Fast Lane

Some of the nations biggest banks have apparently stalled out when it comes to the amount ofauto loans theyve recently originated.

By Michelle A. Samaad | Updated on July 03, 2013

Some of the nation’s biggest banks have apparently stalled out when it comes to the amount of auto loans they’ve recently ­originated.

The top 100 lenders increased their total auto loans by just 0.64% over the fourth quarter of 2012, according to data tracking firm SNL Financial. Among these, the top 16 lenders didn’t budge from their spots compared to a quarter earlier.

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