General Motors is planning to apply for a banking charter that would allow its lending unit to hold deposits and expand its auto finance business, The Wall Street Journal reported last week, citing people familiar with the matter. The automaker’s finance arm, GM Financial, has been talking to federal and …
Read More »GM plans to seek banking charter for auto-lending business, report says
General Motors Co is planning to apply for a banking charter that would allow its lending unit to hold deposits and expand its auto-finance business, The Wall Street Journal reported on Friday, citing people familiar with the matter. The automaker’s finance arm, General Motors Financial Company Inc, has been talking …
Read More »