GMAC may withdraw bank application
Wednesday, December 10, 2008 at 10:16AM Jim Henry, Automotive News
December 10, 2008 - 10:04 am ET NEW YORK -- GMAC Financial Services warned today in a filing with the Securities and Exchange Commission that it may have to withdraw its application to become a bank holding company, a necessary step toward winning funds from the government financial-services industry bailout. Read Story...














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