Ally Bank: Is GMAC's Rebranded Bank Using Bailout To Offer High-Interest CDs?
NEW YORK — Its TV and print ads poke fun at the bait-and-switch tactics of other banks. Its interest rates on CDs have been the most generous in the...
NEW YORK — Its TV and print ads poke fun at the bait-and-switch tactics of other banks. Its interest rates on CDs have been the most generous in the...
New York Times | ANDREW MARTIN and GRETCHEN MORGENSON | Posted 11.01.2009 | Business
OVER the past 80 years, the United States government has engineered not one, not two, not three, but at least four rescues of the institution now know...
Wall Street Journal | DAVID ENRICH and DEBORAH SOLOMON | Posted 10.28.2009 | Business
Treasury Department pay czar Kenneth Feinberg last week announced sharp cuts in total compensation at the finance and auto companies under his control...
Wall Street Journal | DAN FITZPATRICK and DAMIAN PALETTA | Posted 10.28.2009 | Business
The U.S. government is likely to inject $2.8 billion to $5.6 billion of capital into the Detroit company, on top of the $12.5 billion that GMAC has re...
Washington Post | Tomoeh Murakami Tse | Posted 10.20.2009 | Business
Even as the nation's biggest financial firms were struggling and the federal government was spending hundreds of billions of dollars to save many of t...
AP | DANIEL WAGNER and STEPHEN BERNARD | Posted 10.06.2009 | Business
WASHINGTON — Several firms that received large taxpayer bailouts have adjusted executive compensation to trim cash payouts before the Obama admi...
Huffington Post | Posted 09.17.2009 | Media
Walmart, Best Buy, CVS, and GMAC are among eight major advertisers that have confirmed pulling their advertising from Fox News' "Glenn Beck" program i...
New York Post | Posted 08.27.2009 | Business
Six weeks into his tenure as President Obama's compensation czar, Kenneth Feinberg has his sights set on pay packages he thinks are too rich for compa...
nytimes.com | STEPHEN LABATON | Posted 07.12.2009 | Business
WASHINGTON -- The Obama administration's sweeping new proposal to restrict executive pay is likely to be a humbling exercise for seven of the nation's...
The Huffington Post | Ryan McCarthy | Posted 07.11.2009 | Business
UPDATED -- A spokesperson for GMAC responded to this story and said that the increase in Al de Molina's compensation in 2008 was a result of to him be...
ABC News | Scott Mayerowitz | Posted 07.11.2009 | Business
As hordes of Americans watched their retirement savings disappear and their home values plunge after the economic crisis started in September, many co...
usnews.com | Rick Newman | Posted 07.10.2009 | Business
The government has finally acknowledged something it wanted to keep secret six months ago: Which banks are in the worst financial health. It's now ...
AP | MARCY GORDON | Posted 06.27.2009 | Business
WASHINGTON — The nation's banks turned a profit in the first quarter, but the number of problem banks jumped to the highest level in 15 years an...
AP | Posted 06.21.2009 | Business
NEW YORK — The Treasury Department is set to inject billions more dollars into GMAC Financial Services, according to media reports. The Wall Stre...
Steve Parker | Posted 05.31.2009 | Business
Obama talked his usual great game of absolute confidence at the end of his announcement this morning, telling the country, "If you're going to buy a new car, buy an American car."
Diane Francis | Posted 05.31.2009 | Business
So here's what is next: Chrysler's hedge funds will make money on the deal because the courts will award something.
Steve Parker | Posted 03.06.2009 | Business
Until the travel business picks up and businesses in general start replacing their vehicle fleets, Detroit will be outside looking in.
Dennis O'Brien | Posted 02.09.2009 | Business
As a completely unregulated private equity partnership, Cerberus has no public reporting requirements. In fact, they are now refusing to disclose their finances even after the bailout.
Bradley W. Bloch | Posted 02.07.2009 | Business
The Madoff scandal sheds light on the extent to which friendships, philanthropic involvement, and other social ties influence presumably "rational" decisions, like how money is invested.
Steve Parker | Posted 02.03.2009 | Business
The only other time the industry has seen a 3-million (or more) unit plunge was following the 1974 oil shortage.
AP | TOM KRISHER and BREE FOWLER | Posted 02.02.2009 | Business
DETROIT — GMAC LLC will no longer have exclusive rights to provide no- or low-interest loans to people who take advantage of General Motors fina...
AP | BREE FOWLER | Posted 01.31.2009 | Business
NEW YORK — The financing arm of General Motors Corp. completed a complicated debt deal that fell short of the goal it set for the amount of fres...
Steve Parker | Posted 01.24.2009 | Business
Really wish there were better news to post about, but the auto industry is reeling worldwide, and there's no better example than Toyota.
AP | MARTIN CRUTSINGER | Posted 01.24.2009 | Business
WASHINGTON — The Federal Reserve gave an early Christmas present to General Motors' finance arm, allowing the ailing provider of auto loans to q...
Amy Ephron | Posted 12.13.2008 | Green
I know that 600,000 jobs hang in the balance over the auto industry bailout, but wait, I have a solution. Why don't we convert the factories to alternative energy sector plants?
AP | CANDICE CHOI | Posted 11.09.2009 | Business