Your car company also wants to be your bank
The FDIC has approved proposals by GM and Ford to launch their own banking units. That means the automakers will be able to provide their own auto loans to customers. In this episode, a confluence of market conditions drove Ford and GM into banking. Plus: The Super Bowl of livestock shows highlights high cattle prices, changes to online search behavior affects digital ad revenue, and “Marketplace” host Amy Scott talks to Jordyn Holman at the New York Times and David Gura at Bloomberg about the week’s economic headlines.
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