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Ally Financial Weighs Sale As IPO Looks Bleak

Friday, February 17, 2012 - 6:52 AMAlly Bank - Details
From 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.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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