Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Ally Financial Inc. : Ally Financial Statement On Dodd-Frank Act Stress Test Results

Friday, March 8, 2013 - 9:18 AMAlly Bank
Ally Financial believes that the Federal Reserve's analysis of Ally's capital adequacy for the Dodd-Frank Act Stress Test (DFAST) is fundamentally flawed and, while the Fed has not provided details, the analysis is inconsistent with historical experience in the most stressed periods in our business.

Ally Financial Inc. : Ally Financial Statement on Dodd-Frank Act Stress Test Results
3
ShorebreakShorebreak2,622 posts since
Apr 6, 2010
Rep Points: 14,216
1. Thursday, March 14, 2013 - 6:51 AM
From the WSJ: Fed Sticks to Script, Bank Goes Off
Executives with auto lender Ally Financial Inc. sparred with the Federal Reserve last week over math used in the regulator's latest "stress test."

Read more (You may need to view via Google News to access article)

I was thinking the bad publicity could make it more difficult for Ally Bank to attract deposits which would encourage them to keep rates higher. However, if the rates are being driven by the FDIC, that may not be an issue. And it didn't discourage Ally Bank from its recent rate cuts.

 
2
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
2. Thursday, March 14, 2013 - 9:29 PM
It is sad to see the old GMAC Bank came down to this pitiful situation.
2
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,426
Reply