General Motors Co. in Detroit and Ford Motor Co. in Dearborn have received Federal Deposit Insurance Corp. (FDIC) and the ...

FDIC approves deposit insurance for Ford and GM banks, clearing the way for industrial banks focused on auto financing and ...

Ford and GM consider prepayment financing to keep bankrupt First Brands operating during Chapter 11 proceedings. Read more.

FDIC approves Ford Credit Bank and GM Financial Bank deposit insurance for Utah industrial banks funding auto loans via ...

Industrial banks allow the companies to accept deposits insured by the Federal Deposit Insurance Corp. into savings accounts.

Both automakers must stand up their respective banks within 12 months. After that, they must maintain a minimum 15% tier 1 ...

The Federal Deposit Insurance Corporation has approved a deposit insurance application submitted by GM to establish the new GM Financial Bank subsidiary.

Car loans for customers shopping at Ford and General Motors dealerships may be easier to get from new banks that the automakers have won clearance to create.

In January 2026, GMC Sierra EV deals include a special lease program on the premium battery-electric pickup truck.

GM Financial and Ford Credit are one step closer to forming industrial banks following approval this week from the FDIC ...