GMAC
Ally, Embarrassed At Failing Dodd-Frank Stress Test, Shoots the Messenger
The Dodd-Frank Wall Street Reform and Consumer Protection Act, passed by Congress and signed by President Obama into law in July 2010, contains a number of requirements on both...
Toronto-Dominion Bank To Buy Chrysler Financial
By Chris Haak Toronto-Dominion, the second-largest bank in Canada based on deposits, announced today that it has acquired Chrysler Financial. Chrysler Financial has had a...
GM, Chrysler Aim to Return to Captive Lending
By Chris Haak We reported several weeks ago that GM was interested in either buying a captive-finance arm or establishing a new one. You see, since GM sold a majority interest...
GM May Return to Captive Finance
By Chris Haak Back in 2006 when GM sold a 51 percent controlling stake in GMAC to a consortium led by Cerberus Capital Management, many saw it as a sign that the company was...
Congressional Panel Calls for GMAC Breakup
By Chris Haak The Congressional Oversight Panel, created by Congress to oversee the Treasury's spending of Troubled Asset Relief Program (TARP) money, said late last week that...
GMAC Receives TARP Funding; Immediately Offers Better Terms
By Chris Haak 12.30.2008 The US Treasury announced yesterday that it had approved a $6 billion financial assistance package for GMAC, the heretofore 49% GM-owned/51%...
On-Again, Off-Again GM-Chrysler Merger Talks Are On Again
The Wall Street Journal reported today that the merger talks between GM and Chrysler - which have been publicly acknowledged at least three times by my count - have again...