<div id="readability-page-1"><div> <p>Shares of banks and other financial institutions rose as traders bet the Federal Reserve would continue cutting interest rates.</p> <p>   One money manager said consumer credit quality remained a concern, with &#34;subprime&#34; auto-loan delinquencies set to linger near records. </p> <p>   &#34;Even as consumers face higher interest rates on auto loans, they are getting hit by falling trade-in values,&#34; said analysts at money manager Ares Management, in a note to clients. </p> <p>   Jeffry Schneider, one of two men convicted of fraud and conspiracy involving defunct private-equity firm GPB Capital Holdings, wants the judge in the $1.8 billion case to reduce his sentence to time served, even though he has yet to set foot inside a federal prison cell. </p> <pre></pre> <p>   Write to Rob Curran at rob.curran@dowjones.com </p> <p>   (END) Dow Jones Newswires</p> <p>   December 19, 2025 17:33 ET (22:33 GMT)</p><p>Copyright (c) 2025 Dow Jones &amp; Company, Inc.</p></div></div>

ARES

<p>Financial shares rose as traders anticipated further Fed rate cuts. Concerns persist over consumer credit quality, with subprime auto-loan delinquencies near record levels. Analysts at Ares Management noted consumers face higher auto loan rates and declining trade-in values. Jeffry Schneider seeks a reduced sentence in the $1.8 billion GPB Capital fraud case.</p>

Financials Up on Fed Bets — Financials Roundup