Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ GM plans to look for a bank charter to grow its car loan business

GM plans to look for a bank charter to grow its car loan business



General Motors Co. seeks to return to the banking business.

The carmaker’s lender is drawing up plans to apply for a bank charter, a move that will allow it to accept deposits and expand its auto finance business, according to people familiar with the matter.

General Motors Financial Company Inc. talking to the federal …


Source link