Bankers pushed to charge the lowest fees in a decade for GM’s IPO
Many companies are abuzz about what is being touted as the second-largest initial public offering in US history. It is believed that Wall Street bankers will be forced to charge the... Read more
Report: GMAC is negotiating another cash infusion
GMAC Financial Services' $12.5 billion in federal aid is apparently not enough as it is negotiating for additional taxpayer funds because it has not raised sufficient capital to endure a... Read more
GMAC still has no business plan even after receiving a $17.2 billion investment
According to a congressional panel, GMAC Inc. has yet to submit a business plan after it had been granted a $17.2 billion investment from the government. In addition, the panel criticizes... Read more
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