Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Business News

GMAC Bank re-brands itself as Ally Bank

latimes.com
May. 15, 2009
The banking arm of ailing auto finance company GMAC is taking on a new name, hoping to smooth its image and entice new customers as it works to drive deposit growth.
Related Stories from UPI.com

GMAC critical to GM's future

DETROIT, Dec. 29 (UPI) -- A failure at U.S. lender GMAC could undermine the survival of auto giant General Motors Corp., an industry analyst says.

Fed allows GMAC to become a bank

WASHINGTON, Dec. 25 (UPI) -- The U.S. Federal Reserve has given permission for automotive financial firm GMAC to become a bank, which will allow it to apply for federal bailout funding.

GMAC seeks bank holding company status

NEW YORK, Nov. 20 (UPI) -- GMAC Financial Services said Thursday it had applied to the U.S. Federal Reserve for bank holding company status, a step toward securing federal aid.

BoA buying billions in GMAC loans

NEW YORK, July 27 (UPI) -- Bank of America Corp. is buying as much as $55 billion in auto loans from General Motors Corp.
Most Popular
Stories Photos People Comments
Featured Photos
1 of 25
President Obama awards the Presidential Medal of Freedom in Washington
View Caption
President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch