FDIC approves deposit insurance for Ford and GM banks, clearing the way for industrial banks focused on auto financing and ...
The FDIC transferred all deposits and most of the bank’s assets to Detroit-based First Independence Bank, which will reopen ...
Ford Motor Co. and General Motors have cleared a key regulatory hurdle after federal banking regulators approved their ...
General Motors Co. in Detroit and Ford Motor Co. in Dearborn have received Federal Deposit Insurance Corp. (FDIC) and the ...
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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 ...
WASHINGTON, Jan 22 (Reuters) - The Federal Deposit Insurance Corporation announced on Thursday that it had approved deposit insurance applications from Ford Motor Company and General Motors Company, ...
The Federal Deposit Insurance Corp.'s approval of Industrial Loan Company charter applications for General Motors and Ford Motor Company generated only moderate pushback from banks as crypto, ...
The Philippine Deposit Insurance Corporation (PDIC) is set to sell corporate and closed bank assets, consisting of prime ...
The Federal Deposit Insurance Corporation has approved a deposit insurance application submitted by GM to establish the new GM Financial Bank subsidiary.
Metropolitan Capital Bank & Trust was closed by the Illinois Department of Financial and Professional Regulation, citing “unsafe and unsound conditions and an impaired capital ...
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Detroit goes to the bank: FDIC clears Ford, GM to open their own banks
The FDIC has approved Ford and GM to open their own FDIC-insured industrial banks, named Ford Credit Bank and GM Financial ...
Stamford-based Webster Financial Corp., a dominant player in Connecticut’s banking scene, has entered a deal to be acquired ...
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