According to MarketWatch: "GMAC Financial Services, said Thursday it has applied to become a bank holding company to access emergency cash under the U.S. Treasury’s Capital Purchase Program. As a bank holding company, GMAC said it will be a more flexible and stable provider of automotive and mortgage loans to consumers and businesses, as well have expanded opportunities for funding and for access to capital."
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
