GM PICKS UP SPEED Sure, it's not cruising at 70 mph, but at least this looks like forward motion. On Nov. 17, General ...
DETROIT (Reuters) - More than 100 Chrysler Group LLC U.S. dealerships face possible closure if they cannot reach new financing deals with GMAC ...
Bank tests find all but GMAC raised enough capital, but economic forecasts prove unrealistic All but one of the 19 largest banks have raised the extra capital cushion regulators said they'd need to withstand a deeper recession — a sign, the Treasury ...
GMAC, the former finance arm of General Motors, needs more capital to meet buffer requirements under the "stress tests" of banking groups conducted this year, the Federal Reserve said Monday. GMAC was the only one of 10 banking holding companies deemed to ...
FILE - In this April 30, 2009 file photo, a GMAC sign is shown at a GM/Chrysler dealership in Oakland, Calif. The Federal Reserve says GMAC is the only one of 19 stress-tested banks that needs more capital to withstand a future ...
You've seen the TV and print ads. So what exactly is Ally Bank? Its TV and print ads poke fun at the bait-and-switch tactics of other banks. Its interest rates on CDs have been the most generous in the industry. Ally Bank's ...
In this advertisement released Ally Bank, a print ad is shown. There's a reason Ally Bank, a reinvented unit of GMAC Financial Services, can afford to go after customer deposits so aggressively. It's backed by GMAC's $12.5 billion government bailout. (AP Photo/Ally ...
What's in a name? A look at companies that changed names GMAC Bank recently reinvented itself as Ally Bank. The move was a way to distance itself from its troubled parent company GMAC Financial Services, which is negotiating its third infusion of ...
NEW YORK (Reuters) - GMAC Financial Services, a lender that has received $12.5 billion in government bailouts, posted a third straight quarterly loss on Wednesday, hurt by red ink in its mortgage business. The third-quarter net loss for Detroit-based GMAC was $767 ...
GMAC posts smaller loss in 3rd quarter, but home lending unit weighs on results GMAC, the main lender for GM and Chrysler customers and dealers, reported another quarterly loss Wednesday as bad loans continued to haunt its mortgage lending unit. Although its ...
Earnings roundup: GMAC loss narrows as auto lending profitable, Molson Coors profit grows Among the earnings stories for Wednesday, Nov. 4, from AP Financial News: GMAC Financial Services, the main lender for General Motors Co. and Chrysler Group LLC, said its loss ...
FILE - In this April 30, 2009 file photo, a GMAC sign is shown at a GM/Chrysler dealership in Oakland, Calif. GMAC Financial Services said on Wednesday, Nov. 4, 2009, its net loss narrowed in the third quarter as its auto-lending unit ...
