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In the 11 years the operation ran, as is typical of a Ponzi scheme, McNamara had to take out larger and larger loans each year to pay off the payments due on previous loans. In 1985 he took out loans totaling $250 million, $715 million in 1989, $1.88 billion in 1990 and $1.93 billion in 1991.
As they uploaded exfiltration malware to move stolen credit card numbers-first to staging points spread around the U.S. to cover their tracks, then into their computers in Russia-FireEye spotted them.
General Motors Financial Company, Inc. is the financial services arm of General Motors.The company is a global provider of auto finance, with operations in the United States, Latin America, Canada, Europe (which was sold to PSA Groupe and BNP Paribas following the sale of GM's core area businesses Opel and Vauxhall in a $2.2 billion deal), and China.
Goldman Sachs is on the cusp of clinching a deal to buy General Motors Co.'s credit-card business for about $2.5 billion, in a move that would boost its consumer banking presence, the Wall Street ...
Goldman Sachs CEO David Solomon on Wednesday dismissed the notion that the bank's early exit from its credit card partnership with General Motors was messy, saying the firm had anticipated the ...
On May 27, 2009, the U.S. Treasury advanced a secured loan of US$360.6 million to GM, and GM issued a note to the Treasury for US$360.6 million, plus $24.1 million USD as additional compensation for the warranty advance, pursuant to the terms of the Warranty Agreement dated December 31, 2008, between GM and the U.S. Treasury. The loan funded a ...
Barclays <BARC.L> is also among a small number of bidders for the automaker's credit card business, which has about $3 billion in outstanding balances, the WSJ reported, adding that a decision was ...
Credit card debt may be climbing, but the situation is far from hopeless. ... that number totaled 171.4 million, compared to 168.6 million a year before and 155.7 million in the third quarter of ...