FDIC approves deposit insurance for Ford and GM banks, clearing the way for industrial banks focused on auto financing and ...
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FDIC opens door for Ford and GM to launch their own industrial banks
The Federal Deposit Insurance Corporation has given Ford and General Motors something they have chased for years: permission ...
FDIC approves Ford Credit Bank and GM Financial Bank deposit insurance for Utah industrial banks funding auto loans via ...
Both automakers must stand up their respective banks within 12 months. After that, they must maintain a minimum 15% tier 1 ...
Industrial banks allow the companies to accept deposits insured by the Federal Deposit Insurance Corp. into savings accounts.
The Federal Deposit Insurance Corporation has approved a deposit insurance application submitted by GM to establish the new GM Financial Bank subsidiary.
The MarketWatch News Department was not involved in the creation of this content. -- Third quarter net income of $589 million -- Third quarter retail loan and operating lease originations of $13.8 ...
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