GM plans to seek banking charter for auto-lending business, report says
GM plans to seek banking charter for auto-lending business, report says
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General Motors Co is planning to apply for a banking charter that would allow its lending unit to hold deposits and expand its auto-finance business, The Wall Street Journal reported on Friday, citing people familiar with the matter.
The automaker’s finance arm, General Motors Financial Company Inc, has been talking to federal and state banking regulators for…
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