FDIC approves Ford Credit Bank and GM Financial Bank deposit insurance for Utah industrial banks funding auto loans via ...

FDIC approves deposit insurance for Ford and GM banks, clearing the way for industrial banks focused on auto financing and ...

The Federal Deposit Protection Agency (FDIC) has authorized Ford and GM to create industrial banks to offer savings accounts ...

The Federal Deposit Insurance Corporation has approved a deposit insurance application submitted by GM to establish the new GM Financial Bank subsidiary.

Both automakers must stand up their respective banks within 12 months. After that, they must maintain a minimum 15% tier 1 leverage ratio.

The FDIC has approved deposit insurance applications from Ford and GM, enabling them to set up industrial banks. Although ...

GM Financial and Ford Credit are one step closer to forming industrial banks following approval this week from the FDIC ...