Ford and General Motors have stepped in with emergency funding to keep key auto-parts supplier First Brands alive while it navigates Chapter 11 and a high profile fraud case involving its founder. You ...
Ford and GM’s industrial banks — Ford Credit Bank and GM Financial Bank — will both be chartered in Utah. The companies have ...
Both automakers must stand up their respective banks within 12 months. After that, they must maintain a minimum 15% tier 1 ...
Industrial banks allow the companies to accept deposits insured by the Federal Deposit Insurance Corp. into savings accounts.
The Federal Deposit Insurance Corporation approved deposit insurance applications for Ford Motor and General Motors to ...
Ford Motor Credit Company filed a breach-of-contract lawsuit against Garrett and Letticia Greyhat on Jan. 15 in New Mexico District Court for Valencia County. The action, brought by Nelson & Kennard, ...
Ford Motor Credit Co. filed a breach-of-contract lawsuit against Makelele Systems Landscape & Maintenance on Jan. 15 in California Superior Court for San Diego County seeking to recover $92,230 for ...
Peter Gratton, Ph.D., is a New Orleans-based editor and professor with over 20 years of experience in investing, risk management, and public policy. Peter began covering markets at Multex (Reuters) ...