GMAC
http://www.gmacfs.comGMAC, the financing arm of General Motors (NYSE: GM), provides financial services including automotive finance, real estate finance, insurance, commercial finance and online banking. The firm is partly owned by GM and Cerberus Capital Management.
On December 24th, 2008, the Federal Reserve approved GMAC’s request to become a bank holding company enabling the company to gain access to government aid.
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