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- www.npr.org
American Express To Become Commercial Bank (NPR) The Federal Reserve approved an application Monday by American Express to become a bank holding company. The change will allow the credit card giant to become a commercial bank. The decision opens the way for American Express to accept deposits and permanently access low-cost financing from the Fed.
- www.centredaily.com
Finance Companies, Auto Dealerships Use GDNAuto to List Loan Portfolios of All Sizes (Centre Daily Times) Finance companies from Michigan and Pennsylvania and auto dealerships from Texas and North Carolina are among the latest companies to post seasoned auto loan portfolios for purchase using Global Debt Network Automotive (GDNAuto), the company announced.
- www.baltimoresun.com
Ford posts 3Q loss of $129M, burns through $7.7B in cash, plans 2,200 ... - Baltimore Sun DEARBORN, Mich. (AP) _ Ford Motor Co. said Friday it lost $129 million in the third quarter as the struggling automaker burned through $7.7 billion in cash. The automaker also said it will cut about 2,260 more white-collar employees in North America ...
- www.ft.com
Deal of the Week: 3% cashback credit card (Financial Times) What’s the deal? A credit card from Abbey offering 3 per cent cashback on purchases of “essentials” – supermarket and petrol spending – for the first six months.
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