The banks can offer competitive loans to auto customers who might be facing sticker shock, now that the average price of a ...

The FDIC has approved Ford and GM to open their own FDIC-insured industrial banks, named Ford Credit Bank and GM Financial ...

Both automakers must stand up their respective banks within 12 months. After that, they must maintain a minimum 15% tier 1 ...

An Illinois regulator closed Metropolitan Capital Bank & Trust on Friday, and the FDIC sold the majority of its assets to Detroit-based First Independence Bank.

General Motors Co. in Detroit and Ford Motor Co. in Dearborn have received Federal Deposit Insurance Corp. (FDIC) and the ...

The Annual Percentage Yield (APY) as advertised is accurate as of 12/30/2025. Interest rate and APY are subject to change at ...

FDIC approves deposit insurance for Ford and GM banks, clearing the way for industrial banks focused on auto financing and ...

Discover FDIC coverage for business accounts, including types insured and coverage limits, ensuring your deposits are ...

Recently, the FDIC published its list of administrative enforcement actions issued in November 2025. The agency reported seven orders and stated ...

Regulators shut down Metropolitan Capital Bank & Trust in River North on Friday. Detroit-based First Independence Bank acquired all its deposits.