Raw money, rich pickings

Article Abstract:

GE Capital Corp provides credit cards for retail stores, is the second largest non-life insurer, funds large purchases for General Electric and other companies and owns Kidder-Peabody, an investment bank. The financial health of the corporation and its investments are examined.

Short-term business credit, Analysis, Financial services industry, Financial services, General Electric Capital Corp.

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Scammed: GMAC

Article Abstract:

GMAC has been forced to take a $275 million charge against earnings to account for the huge loss it incurred as a result of bad loans to developer John McNamara. McNamara managed to run up a $4.5 million debt over a four year period before being caught by GMAC's lawyers.

Investigations, Crimes against, Swindlers and swindling, Swindlers, Swindling, General Motors Acceptance Corp., McNamara, John

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Bigger and richer: mortgage banks in America

Article Abstract:

The US mortgage loan market is thriving, as many types of financial companies vie to increase their share. Profit margins come mostly from the servicing of mortgages. Specialty mortgage banks have increased their market share from 21% in 1980 to over 50% in 1992.

Market share, Mortgage banks, Mortgages

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