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GM finance unit seeks bank holding status - Boston Globe
DENVER - GMAC Financial Services, the financing arm of General Motors Corp. , said yesterday it applied to become a bank holding company, making it eligible for aid under the government's $700 billion bank rescue plan. GMAC said the change in status ...

American Express: Nowhere Near Its Credit Limit - Barron's Online
THE CREDIT CRISIS AND THE DEEPENING RECESSION have dealt a double blow to American Express , which has long been viewed as one of the globe's leading financial companies, due to its enviable card business and consistently high returns. AmEx shares ...

GMAC files for bank holding status - The State
DENVER -- GMAC Financial Services, the financing arm of General Motors, said Thursday it applied to become a bank holding company, making it eligible for aid under the government's $700 billion bank rescue plan. GMAC said the change in status would ...

Treasurys higher as credit worries persist - Denver Post
NEW YORK—The beleaguered credit markets showed fresh strain Friday after Federal Reserve Chairman Ben Bernanke left open the possibility of another interest rate cut to steady volatile financial markets. The Fed chief said in remarks before a ...

GMAC applies to become bank holding company, qualify for federal aid - Newsday
DENVER (AP) _ GMAC Financial Services, the financing arm of General Motors , said Thursday it applied to become a bank holding company, making it eligible for aid under the government's $700 billion bank rescue plan. GMAC said the change in status ...

Legal Boutiques Sue UBS, Citigroup as Large Law Firms Beg Off - Bloomberg
Nov. 19 (Bloomberg) -- When Michael McNicholas, legal counsel at HSH Nordbank AG in London, needed help suing UBS AG to recover $275 million in subprime mortgage losses, he didn't bother turning to the big London law firms for help. ``It's well known ...

Legal Boutiques Sue UBS, Citigroup as Others Beg Off (Update1) - Bloomberg
Nov. 19 (Bloomberg) -- When Michael McNicholas, legal counsel at HSH Nordbank AG in London, needed help suing UBS AG to recover $275 million in subprime mortgage losses, he didn't bother turning to the big London law firms for help. ``It's well known ...

Citigroup cutting jobs - Denver Business Journal
Citigroup will cut about 52,000 jobs worldwide over the next year, but it’s not clear yet what will happen in Colorado, officials said Monday. About half of the job cuts had been announced already, according to news reports. New York-based Citi ...

Suthers cracks down on mortgage ads - Denver Business Journal
Three Colorado mortgage brokers have reached settlements with state Attorney General John Suthers to end what Suthers called the “deceptive use of teaser rates in mortgage-loan advertisements” in Denver newspapers. The agreements were part of a ...

Suthers cracks down on mortgage fraud - Rocky Mountain News
Colorado Attorney General John Suthers today said he has reached settlements with three mortgage companies as part of a crackdown on false advertising that he launched about two years ago. Suthers said that Denver’s Arbor Financial Inc., 5280 ...



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