March 31 (Reuters) - GMAC and CIT Group , which converted to bank holding companies to qualify for U.S. government funds, have been unable to issue government-backed debt as regulators have yet to approve their applications, the Financial Times reported. Both lenders confirmed to the paper that their applications were still pending at the Federal Deposit Insurance Corporation (FDIC). The agency does not comment on specific applications. The delay in getting FDIC approval is tightening ...
Premium Content (PAID Subscription Required)
"GMAC, CIT face delay in issuing govt-backed debt - FT" 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: firstname.lastname@example.org or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.