The Treasury Department said Monday that it will provide $5 billion to GMAC Financial Services LLC, the ailing financing arm of General Motors Corp., from the $700 billion bank rescue program. The ...

Financing arm of General Motors poised to get third infusion of federal support. Dec. 30, 2009— -- GMAC, the ailing financing arm of General Motors, is set to receive $3.8 billion in government ...

GRAND BLANC, Michigan -- The financing arm of General Motors Corp. still wouldn't say on Saturday if it had met a midnight deadline to clear a final hurdle in its bid to become a bank holding company ...

WASHINGTON – The Federal Reserve has granted a request by the financing arm of General Motors to tap the government's $700 billion rescue fund, bolstering GM's ability to survive. The Fed announced ...

GMAC Financial Services' transition into a bank holding company should buy the troubled lender some time to turn itself around, but the cost is a loss of control for its owners General Motors Corp.

GMAC, one of the nation's largest mortgage servicers, faced a quandary last summer. It wanted to foreclose on a New York City homeowner but lacked the crucial paperwork needed to seize the property.

GMAC Financial Services, the main lender for General Motors Co. and Chrysler Group LLC, said Wednesday its loss narrowed to $767 million in the third quarter, as its auto lending unit made money while ...

For months, critics of an auto industry bailout have raised a legitimate question: What good will it do if customers can’t get the financing to buy vehicles? As 2008 draws to a close, Uncle Sam is ...

WASHINGTON (Reuters) - GMAC LLC won U.S. approval on Wednesday to become a bank holding company, giving it access to government lending programs and helping it stave off bankruptcy. The Federal ...

For the third time in four years, the Graduate Management Admission Council has fallen into the red, reporting record a loss of $6.6 million in 2022. The deficit occurred in a year in which GMAT ...