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Friday, February 17, 2012 - 6:52 AM
Ally Financial Weighs Sale As IPO Looks Bleak
Ally Bank (0 stars) - DetailsFrom Reuters:
Ally Financial is weighing a sale of all or part of its auto lending and banking businesses, as an initial public offering looks increasingly remote and the U.S. government seeks to recoup some $17 billion in bailout money, sources familiar with the situation said.I'm hoping Ally Bank doesn't get acquired by another bank, especially by some megabank.
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