Search for: "GMAC BANK" Results 341 - 360 of 380
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30 Dec 2008, 6:13 am
Stepping into deeper waters to help the auto industry, Treasury Monday night added $6 billion to the $17.4 billion bailout announced Dec. 19, chiefly to help the financial arm of General Motors Corp.Using financial markets rescue funds, Treasury will purchase $5 billion in senior preferred equity from GMAC LLC, and up to $1 billion more will be lent to GM itself so the automaker can participate in a rights offering at GMAC, which has wanted to reorganize itself as a bank… [read post]
30 Dec 2008, 5:21 am
The Treasury Department injected $5 billion into GMAC, the automobile financing company, as part of a deal announced Monday night that will let GMAC convert itself into a bank holding company to reduce its borrowing costs and thus borrow money at low rates from the Federal Reserve. [read post]
29 Dec 2008, 2:02 pm
General Motors's lending arm won't say whether bondholders approved a complex $30 billion debt-for-equity swap (crafted in part by Wachtell) that would cement its new status as a bank-holding company eligible for billions in federal bailout aid. [read post]
26 Dec 2008, 6:04 am
Federal regulators will permit GMAC to become a bank and gain access to billions of dollars in government aid, a crucial step that will help ensure the survival of the company. [read post]
23 Dec 2008, 2:44 pm
GMAC is 51 percent owned by Cerberus Capital Management LP, a private equity firm; General Motors owns the rest.GMAC, which provides financing for GM vehicle and dealer loans along with home mortgages, is having trouble finding adequate support from its bondholders for a debt transaction that would allow it to become a bank holding company and gain eligibility for bailout money.Commercial real estate developers said Monday they also are petitioning the government for support from… [read post]
17 Dec 2008, 12:13 pm
Ezra Merkin, chairman of lender GMAC Financial Services, one of his funds — Ascot Partners — and its auditor over investments made through Bernard L. [read post]
16 Dec 2008, 6:08 pm
" Zabel's firm has also been retained by GMAC chairman J. [read post]
16 Dec 2008, 3:01 pm
  The question is whether it is the focus of your business to deal in financial services, like insurance companies, banks, etc. [read post]
16 Dec 2008, 2:35 pm
  The event features a faculty of leading outside litigators, renowned jurists, and senior in-house counsel from these companies (assuming that they have not reorganized between now and then): American Express • American General Finance • Bank of America • Capital One • Citi • Countrywide • Discover • GMAC • Greenpoint • First Data • Freddie Mac • Hyundai •… [read post]
15 Dec 2008, 6:32 pm
Two European banking giants detailed their exposure over the weekend. [read post]
14 Dec 2008, 12:32 am
Finally, Steven in the comments mentions that GM holds 49 percent of GMAC, which owns through subsidiaries other financial institutions. [read post]
12 Dec 2008, 3:54 pm
Another Chancery Court matter involving a preliminary injunction hearing regarding the merger of PNC Bank and National City Bank, will be heard this week and will be available to watch online. [read post]
12 Dec 2008, 2:00 pm
Department of Housing and Urban Development, including, but not limited to, mortgages purchased by, serviced, or underwritten by Fannie Mae and GMAC. [read post]
10 Dec 2008, 1:56 pm
GMAC, the former financing arm of General Motors, said Wednesday that, based on the weak participation in its recent exchange and tender offers, [...] [read post]
23 Nov 2008, 2:13 pm
• GMAC has filed for status as a bank holding company. [read post]
31 Oct 2008, 12:30 pm
  The event features a faculty of leading outside litigators, renowned jurists, and 24 senior in-house counsel from these companies: American Express • American General Finance • Bank of America • Capital One • Citi • Countrywide • Discover • GMAC • Greenpoint • First Data • Freddie Mac • Hyundai • iQor • MasterCard • Sovereign Bank… [read post]
25 Oct 2008, 12:18 am
(Canadian Trademark Blog) Goverment should shuffle ministries and ministers (Michael Geist) On poetic justice and subsidies (EXCESS COPYRIGHT) Post-election C-61 coverage (Michael Geist) 'Running Rings Around Trade-marks The Olympic and Paralympic Marks Act: Issues for Artists' workshop to open dialogue between artists and VANOC (Canadian Trademark Blog)   China How do the People's Republic of China and Hong Kong relate to each other regarding IPRs (IP Dragon) China… [read post]
19 Oct 2008, 9:13 pm
  Subprime losses led to subprime-backed securities losing value, which led to big losses for banks and investment banks, small towns in Norway, the collapse of Lehman Bros, etc. etc. [read post]