WASHINGTON, Jan 31 (Reuters) - The staff at the Federal Deposit Insurance Corporation on Wednesday recommended extending for on e year a moratorium on applications by commercial firms such as Wal-Mart Stores Inc. and Home Depot Inc. seeking to own a bank. The freeze has been in place for the past six months, affecting 9 pending applications for buying or creating a specialty bank known as an industrial loan company (ILC). At an FDIC board meeting, the FDIC staff also recommended that the ...
Premium Content (PAID Subscription Required)
"FDIC staff urges 1-year freeze on retailers' ILCs" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642