TOKYO, Aug 1 (Reuters) - Japan's Aozora Bank (8304.T) may revise its first-quarter earnings to further write down the value of its stake in GMAC LLC, the subprime-hit former financing arm of General Motors Corp GM.N.
A spokesman for Aozora said the bank could revise its April-June earnings, which it reported on Thursday, as early as next week to reflect further losses at GMAC. (Reporting by David Dolan and Taro Fuse)
WASHINGTON (Reuters) - GMAC Financial Services is expected to get about $3.5 billion of additional U.S. government aid to help the troubled lender absorb mortgage losses, a financial industry source familiar with the matter said on Wednesday.
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