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    1. Ally Financial IPO coming after the bell

      Headlines

      Wed, 9 Apr 2014

      an estimated $25-$28 per share. A price in the middle of that range would value the former General Motors financing arm ( GMAC ) at $12.7B. Ally ( ALLY ) itself isn't selling any stock, and the Treasury's sale tonight will cut its stake from 37

    2. From Barron’s, April 7, 2014 (Part 2)

      Commentary

      Sat, 5 Apr 2014

      IMF global financial stability report is released on Wednesday. The BOE rate decision is on Thursday. After Ally [former GMAC ] IPO this week, the US Govt. will have recovered what it lent for its rescue and will retain 14% stake post-IPO. Data

    3. Ally Financial files for IPO

      Headlines

      Thu, 27 Mar 2014

      The Treasury will be selling 95M shares - more than half of its stake - in the lender formerly known as GMAC . The pricing is expected to be in the $25-$28 per share range. The underwriter greenshoe could see Treasury unloading another

    4. GM Financial to Acquire Ally's European, Chinese, and Latin American Operations

      Commentary

      Mon, 26 Nov 2012

      the deal is completed next year. We like the deal even though GM is reacquiring assets that old GM used to own when Ally was GMAC . GM Financial is still a much smaller captive finance arm relative to the captives at other large automakers so this deal quickly

    5. INSIGHT-UPDATE 1-Ally's mortgage unit problems come full circle

      Headlines

      Mon, 7 May 2012

      NEW YORK/CHARLOTTE, N.C., May 7 (Reuters) - In the fall of 2009, the board of GMAC , one of the largest U.S. auto and home-loan companies, gathered in New York to discuss whether to put its troubled...

    6. Greek Debt History Month

      Headlines

      Tue, 14 Feb 2012

      Motors encompassed two related entities: GMAC and Rescap. To encourage participation ..... of 70% participation. In the case of GMAC the debtors received 62% and in Rescap ..... target level, the government did not put GMAC into bankruptcy. Rather than face the

    7. Nickeled and Dimed

      Headlines

      Mon, 18 Apr 2011

      customers with an onslaught of advertising promoting “no change fee” and “bags fly free” policies. And in 2009, GMAC rebranded its banking unit as Ally Bank, and followed up by heavily marketing itself as the “anti-bank” with a “no

    8. DEALTALK-Long after break-up, GM still needs GMAC

      Headlines

      Thu, 3 Feb 2011

      * Options: buy or build finance unit, strike new Ally deal

    9. Wall Street Breakfast: Must-Know News

      Headlines

      Tue, 28 Dec 2010

      pay Fannie Mae (FNMA.OB) $462M in lieu of having to repurchase poorly underwritten mortgages. In the days when Ally was GMAC , it sold $292B of loans to Fannie. Ally had reached a smaller settlement with Freddie Mac (FMCC.OB) in March. The agreement

    10. Wall Street Breakfast: Must-Know News

      Headlines

      Tue, 21 Dec 2010

      hearing will be attended by representatives from Bank of America (BAC), JPMorgan (JPM), Citigroup (C), Ally Financial's GMAC mortgage unit, Wells Fargo (WFC) and OneWest Bank. New Jersey is the first state to take action against improper foreclosures

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