Ford and GM have received FDIC approval to create their own banks in Utah, a move that will reshape auto financing for millions of car buyers.

General Motors Co. in Detroit and Ford Motor Co. in Dearborn have received Federal Deposit Insurance Corp. (FDIC) and the ...

Investors know losses linked to electric vehicles will hurt the results. They want to hear about the outlook for the ...

Car loans for Ford and GM models may be easier to get from new banks that the automakers are now cleared to establish.

GM just made it even easier for Chevy, GMC, and Cadillac EV drivers to find and use Electrify America charging stations. GM ...

The banks can offer competitive loans to auto customers who might be facing sticker shock, now that the average price of a ...

The Federal Deposit Insurance Corp.'s approval of Industrial Loan Company charter applications for General Motors and Ford ...

Both automakers must stand up their respective banks within 12 months. After that, they must maintain a minimum 15% tier 1 ...

FDIC approves deposit insurance for Ford and GM banks, clearing the way for industrial banks focused on auto financing and ...

The Federal Deposit Insurance Corporation has approved a deposit insurance application submitted by GM to establish the new GM Financial Bank subsidiary.

Industrial banks allow the companies to accept deposits insured by the Federal Deposit Insurance Corp. into savings accounts.

The FDIC has approved deposit insurance applications for Ford and GM, allowing them to establish industrial banks in Utah.