FDIC approves deposit insurance for Ford and GM banks, clearing the way for industrial banks focused on auto financing and ...
Both automakers must stand up their respective banks within 12 months. After that, they must maintain a minimum 15% tier 1 ...
The FDIC has approved deposit insurance applications for Ford and GM, allowing them to establish industrial banks in Utah.
Ford Motor Co. and General Motors have cleared a key regulatory hurdle after federal banking regulators approved their applications to establish industrial banks, a move that gives the two ...
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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 ...
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