Relevant:
- For GMAC, ResCap, a Merry Christmas; But a Happy New Year?
- GMAC Files Application With Federal Reserve to Become Bank Holding Company
- Update: CIT Group Obtains Bank Holding Company Status
- GMAC a bank holding company? Not so fast -- they don't have enough capital
- AmEx becomes bank to stabilize funding
2008-11-13 — ft.com
"CIT Group is close to filing an application to become a bank holding company, a step that would bring the US commercial lender easier access to funding but also steeper capital requirements and greater regulatory oversight."
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