WASHINGTON, Oct 27 - The U.S. Treasury Department is in talks with GMAC Financial Services Inc about a possible third cash infusion to the company, an Obama administration official confirmed on Tuesday night. The official...
WASHINGTON, Oct 27 - The U.S. Treasury Department is in talks with GMAC Financial Services Inc about a possible third cash infusion to the company, an Obama administration official confirmed on Tuesday night. The official...
CHICAGO, May 23 - Auto and mortgage lender GMAC LLC plans to slash $1 billion in costs this year, or about 20 percent of its expenses, according to media reports on Saturday that cited an...
* U.S. must start to exit GMAC within 7 years of an IPO * Treasury names two directors; more if stake grows * GMAC has until June 8 to present capital plan CHICAGO, May 22...
* Wants to leave banks' problems behind * Expects to increase customers and deposits * No comment on GMAC LLC $11.5 billion capital shortfall NEW YORK, May 15 - GMAC LLC, stung by billions of...
* $11.5 billion capital shortfall * Fewer options than other lenders NEW YORK, May 7 - GMAC LLC, the auto and mortgage lender, will likely be forced to seek more taxpayer help in its effort...
GMAC LLC on Friday said that as part of its $6 billion federal bailout and decision to become a bank, it will no longer have the exclusive right to provide low-interest loans to borrowers who buy General Motors Corp cars and trucks.
The U.S. government said on Monday it was pumping $5 billion into auto and mortgage lender GMAC LLC and lending up to $1 billion to automaker General Motors, ensuring the solvency of a company considered crucial to GM's survival...
NEW YORK, Dec 28 - GMAC LLC expects to soon announce the results of a debt exchange offer that is key to North America's largest auto finance company's capital levels, a spokeswoman said on Sunday....
NEW YORK, Dec 10 - Auto and mortgage lender GMAC said on Wednesday that only a fraction of its bondholders agreed to swap their debt,...