New York Attorney General Andrew Cuomo has filed suit against a financier for allegedly failing to properly protect $2.4 billion funneled to Bernard Madoff. Filed under state charity and security statutes, Cuomo claimed that J.

New York State has begun to investigate financier J.

NEW YORK, Jan.

A failure at U.S. lender GMAC could undermine the survival of auto giant General Motors Corp., an industry analyst says. GMAC has not announced the results of a bond-swap it was conducting to reduce its debt, a move critical after the U.S.

NEW YORK (Reuters) - General Motors Corp. on Monday said it had agreed to sell a 51 percent stake in its financing arm, General Motors Acceptance Corp., to a consortium led by hedge fund Cerberus Capital Management LP for $14 billion, payable over three years.