News tagged with “banks holding”. Found:
6 tagged news reports.
Your Search Returned 6 tagged news reports
Fed makes GMAC a bank holding company
Washington :: DC :: USA | 11 months ago
Credibility
The Federal Reserve has granted a request by the financing arm of General Motors to become a bank holding company, allowing it to petition for money from the government's $700 billion rescue program. Financial Services will also be able to get emergency...
Tags: The Federal Reserve, holding companies, banks holding, Dianne Feinstein, Treasury Department, General Motors Corp., received money, billion rescue, GMAC, Congress
S&P cuts CIT Group's counterparty credit rating
New York :: NY :: USA | 11 months ago
Credibility CIT's counterparty credit rating was cut to "BBB+" from "A-."...The ratings cut comes as S&P has taken an increasingly pessimistic view on the broader financial services industry. Noting that a global recession is increasingly probable, S&P said in a...
Tags: bank, CIT Group, S&P, banks holding, holding company
GMAC seeks bank holding company status
New York City :: NY :: USA | about 1 year ago
Credibility Federal Reserve for bank holding company status, a step toward securing federal aid. The auto and home financing company said it had also submitted an application to the U.S.
Tags: banks holding, GMAC, holding company, Federal Reserve, Bank of America...GM, U.S, Financial Services, Treasury
Banks, investment firms borrow less from Fed
Fairfield :: CA :: USA | about 1 year ago
Credibility Banks and investment firms reduced borrowing from the Federal Reserve's emergency lending program over the past week, although demand for the loans remains elevated. The Fed's report, released Thursday, shows commercial banks averaged $95.4 billion in...
Tags: Federal Reserve, CIT Group Inc., holding companies, banks holding, U.S. Treasury, commercial banks, commercial paper, CIT Bank, banks rescue, billion banks
Fed enables AmEx banking
Washington :: DC :: USA | about 1 year ago
Credibility The Federal Reserve on Monday granted a request by American Express Co. to become a bank holding company, opening the door for the credit card giant to access low-cost financing from the Fed. The Fed said it had approved the application for American Express...
Tags: US Federal Reserve, American Express Travel, American Express Co, banks holding, holding companies, credit card, commercial banks, U.S, financial market, wins fed
Obama calls financial bailout price tag "staggering"
Washington :: DC :: USA | about 1 year ago
Credibility Democratic presidential candidate Barack Obama on Sunday called the $700 billion price tag for a financial market bailout "staggering" and said the final product must protect U.S. taxpayers and include a commitment to new regulatory reforms. At a rally...
Tags: bailout, debate, down, holding companies, Goldman Sachs, investment banks, banks holding, John McCain, Morgan Stanley, Federal Reserve
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