Tag Archive | "bank"

GMAC is pushing to become a bank

Monday, December 29, 2008

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GMAC is pushing to become a bank

GMAC future hinges on vote Auto finance company says future rides on bondholders’ acceptance of debt-for-equity exchange. By David Goldman, CNNMoney.com staff writer NEW YORK (CNNMoney.com) — GMAC LLC is still counting a crucial vote Monday that could determine if the auto finance company turned bank can stay afloat. GMAC bondholders had until midnight last [...]

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