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Detroit Bank Shakeup Ties GM to New National Bank
In Detroit on March 23, a $25 million capital stake by General Motors moves Alfred P. Sloan Sr to bank leadership as the city’s new national bank forms. The other $12.5 million comes from Reconstruction Finance Corp, which signals limited policy role.
MENTIONED IN THIS ARTICLE
Detroit
New National Bank
General Motors Corporation
Alfred P Sloane, Sr
Detroi
New York
General Motors
du Pont
J PP Morgan & Co Corporation
Wall Street
Henry
R. FP. C
United States