Cerberus Capital Management
Latest Posts
GMAC, ResCap Running Out of Time
Dec 11, 2008Bankruptcy appears to be looming for GMAC LLC and its giant mortgage lending arm Residential Capital LLC, as investors have thus far balked at a $38 billion debt exchange needed to raise sufficient capital for the ailing financial giant to become a federally-chartered bank holding company. The company is extending a deadline for its exchange offer program to 5pm EST Friday evening, in a last-ditch attempt to stave off a bankruptcy filing.
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GMAC Latest to Seek Bank Status, Access to Treasury Funds
Nov 20, 2008 -
GMAC Confirms Discussions on Commercial Bank
Oct 30, 2008 -
GMAC Looks to Become Commercial Bank, Gain TARP Access
Oct 29, 2008 -
Clayton Names New CEO
Oct 21, 2008 -
CIBC Trims U.S. RMBS, CDO Exposure in Deal with Cerberus
Oct 03, 2008 -
GMAC Sells Home Services Unit
Sep 23, 2008 -
ResCap to Cut 60 Percent of Workforce
Sep 03, 2008 -
Losses Mount at Troubled ResCap
Jul 31, 2008 -
ResCap Shuffles Executive Team
Jul 22, 2008 -
When $60 billion just isn’t enough
Jun 24, 2008 -
GMAC, ResCap Complete $60 Billion Refinancing Deal
Jun 04, 2008
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