After a long spell of losses on their credit card portfolios, banks are finally seeing that business return to normal profitability. So you might expect that those banks would be racing to offer new credit card to customers. You'd be wrong.
General Motors will once again have its own in-house financing unit starting Friday, when the auto giant closes on its $3.5 billion purchase of AmeriCredit. The new unit, to be renamed General Motors Financial, will allow GM to offer consumers more financing and leasing options.