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Ally Files With The SEC For An IPO Later This Year

Thursday, March 31, 2011 - 1:56 PMAlly Bank - Details
There have been rumors of an IPO for a while, but it's now official with the IPO filing. According to the Wall Street Journal, Ally "is aiming to raise about $5 billion in its initial public offering of shares."
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Ken TuminKen Tumin5,467 posts since
Nov 29, 2009
Rep Points: 124,996
1. Thursday, March 31, 2011 - 2:32 PM
Will the IPO will have any effect on interest rates for CDs or Savings
1
RicochetRicochet132 posts since
Jan 19, 2010
Rep Points: 362
2. Thursday, March 31, 2011 - 5:14 PM
Hopefully it will end the FDIC capping Ally Bank's deposit rates. In 2009, the FDIC supposedly started capping Ally's rates after the ABA complained.
2
Ken TuminKen Tumin5,467 posts since
Nov 29, 2009
Rep Points: 124,996
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