Ford Moves Toward Industrial Banking After FDIC Nod as Shares Tick Down
TL;DR
Ford (F) won conditional FDIC clearance to start an industrial bank in Utah, with deposits, CDs and later auto-loan financing; the development coincides with Kentucky plant expansion, and despite the news, Ford stock slipped fractionally as analysts reiterated a Hold rating with limited upside.
- Ford Stock (NYSE:F) Slips With New FDIC Clearance to Start a Bank TipRanks
- FDIC clears way for Ford, General Motors to set up industrial banks Reuters
- FDIC Conditionally Approves Ford Credit Industrial Bank Ford
- Feds approve GM, Ford industrial banks for vehicle savings accounts detroitnews.com
- Ford and GM Get Approval to Launch Banks Yahoo Finance
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