Ally Repays $2.9 Billion Of Government-Backed Debt

Ally Financial announced Wednesday that it has repaid $2.9 billion of the debt it issued under a government program that backed hundreds of billions of dollars in U.S. bank debt during the financial crisis.
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Ally said Wednesday that it plans to repay in December the remaining $4.5 billion guaranteed under the program, called the Temporary Liquidity Guarantee Program.