Tag: fdic

The establishment of industrial banks by Ford Credit and GM Financial is expected to lead to lower funding costs, netting a credit positive for the captives.   The industrial loan ...

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

First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in ...

Silicon Valley Bank collapsed into Federal Deposit Insurance Corp. receivership on Friday, after its long-established customer base of tech startups ...

GM Financial plans to stick to its knitting with the industrial bank it has in the works. GMF described the ...

Increased loss reserves from Current Expected Credit Losses (CECL) requirements, and the resulting transparency required from auto lenders, could ease ...

Subprime lender Crescent Bank & Trust has tightened its underwriting policies and furloughed a “significant” number of its staff as ...

As auto lenders increasingly turn to technology like artificial intelligence to improve business practices, two senators are pressing regulators to ...