FDIC says it approves deposit insurance applications for Ford (F) and General Motors (GM) to establish industrial banks
The FDIC's approval for Ford and General Motors to establish industrial banks signifies a major shift, allowing these companies to deepen their engagement in financial services.
Apple's (AAPL) CEO Cook not expected to step down as CEO imminently; Apple's Ternus adds design duties in new sign of CEO candidancy
US President Trump says the Greenland structure is being worked on, and will be amazing for the US, via Truth Social
FDIC says it approves deposit insurance applications for Ford (F) and General Motors (GM) to establish industrial banks
OpenAI plans to take a cut of customers' AI-aided discoveries, The Information reports
NY Fed RRP op demand at 2.06bln (prev. 3.34bln) across 14 counterparties (prev. 12)
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
This could enhance their competitive position while also impacting their capital structures, possibly leading to increased financing options. Traders should monitor how this development might influence the broader regulatory landscape for automakers and financial institutions, as it may pave the way for further consolidation in both sectors.
Related headlines
- US FX WRAP: Dollar sees two-way action, but initially firms on hotter-than-expected core M/M print1 day ago
- US EQUITY OPEN: US indices reverse initial CPI losses2 days ago
- Newsquawk European Market Wrap - 11th September 20262 days ago
- Week in Focus 14-18th September 2026: Highlights include FOMC, BoJ, BoE, Inflation from UK, Canada and Japan1 day ago
- Week in Focus 14-18th September 2026: Highlights include FOMC, BoJ, BoE, Inflation from UK, Canada and Japan2 days ago
- Newsquawk US Market Wrap: Markets chop, and yields flatten after hot core CPI boosts Fed rate hike bets1 day ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 8 TICKS LOWER AT 106-03+1 day ago
- Fed court reportedly blocks Trump order to keep Michigan coal plant open2 days ago
- JPMorgan revises Fed forecast and now sees hikes in September and December2 days ago
- Google (GOOGL) just completed its USD 1.5bln-plus deal for AI startup Mechanize, reports Business Insider1 day ago
- Paypal's (PYPL) new chief executive, Enrique Lores, is mapping out his plans for going it alone rather than selling the company for more than USD 50bln, reports WSJ2 days ago
- Daily US Equity Opening News: ORCL gains on earnings and FY guidance beat; ADBE weighed by slight Q4 revenue miss; SMR downgraded2 days ago
- US President Trump reiterates USD 5k payment to all US adults will happen 1 day ago
- CRUDE WRAP: WTI (V6) SETTLES USD 2.43 LOWER AT 100.05/BBL; BRENT (X6) SETTLES USD 3.02 LOWER AT 104.61/BBL2 days ago
- Saudi Crown Prince MBS has personally urged President Trump to launch military strikes against Houthi forces in Yemen amid their rapid advance along the Red Sea coast, reports to CBS citing sources2 days ago
- Trump removes 50% tariff on bulk Canadian whisky and liquers, effective September 15th2 days ago
- US President Trump reiterates that Iran will never possess a nuclear weapon2 days ago
- Colgate-Palmolive (CL) is exploring the sale of some personal-care brands, and targets about USD 1bln from total sales, sources say2 days ago
- [MARKET UPDATE] Action seen after US CPI has reversed, with XAU above pre-data levels, USD under pressure while fixed income and equity futures have entirely reversed the move and are extending to the upside2 days ago
- Saudi Arabia has signaled a potential willingness to launch a major unilateral military operation against the Houthis, though Riyadh has not yet reached a final decision, according to ABC1 day ago
The whole workspace, free to try.
Try it free