Metropolitan Capital Bank & Trust was closed by the Illinois Department of Financial and Professional Regulation, citing “unsafe and unsound conditions and an impaired capital ...

The FDIC transferred all deposits and most of the bank’s assets to Detroit-based First Independence Bank, which will reopen ...

The company closed the Verdant acquisition on September 30, adding $430 million of loans and leases and $780 million of on-balance sheet securitizations. Verdant contributed $18.9 million in ...

Ford Motor Co. and General Motors have cleared a key regulatory hurdle after federal banking regulators approved their ...

New vehicles are getting more and more expensive for consumers, with average prices exceeding $50,000 and longer loan terms increasingly common ...

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

The Philippine Deposit Insurance Corporation (PDIC) is set to sell corporate and closed bank assets, consisting of prime ...

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, ...

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.

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 Corporation approved deposit insurance applications for Ford Motor and General Motors to establish banks that would provide automotive financing products. The agency said ...