Ally Financial Defers $6B IPO
Ally Financial has postponed its $6 billion initial public offering.
August 4, 2011
Ally Financial To Postpone $5B IPO
Ally Financial is delaying a $5 billion initial public offering due to unfavorable market conditions.
June 9, 2011
GE, Capital One Bid For ING Unit
ING Groep’s U.S. online bank has received bids from firms, including General Electric and Capital One Financial.
June 7, 2011
Banks Offer $5B For Mortgage Probe
U.S. banks, including Bank of America and JPMorgan Chase, have proposed to pay $5 billion to settle claims by the federal and state officials over improper mortgage-servicing practices.
May 10, 2011
Fed Slams 10 Banks On Mortgage Practices
The Federal Reserve has announced formal enforcement actions against 10 banks over their “pattern of misconduct” and negligence related to residential mortgage loan servicing and foreclosure processing.
April 14, 2011
Ally Financial Plans $5B Listing
Ally Financial is seeking to raise around $5 billion in an initial public offering.
March 31, 2011
Ally Financial Revamps $15B Debt
Ally Financial has completed the refinancing of its credit facility worth $15 billion.
March 30, 2011
Stress Tests Suggest U.S. Heading For Crisis
Results of recent stress tests by the Federal Reserve on the banking industry suggests that the U.S. is heading back into crisis, according to Institutional Risk Analytics, reports Housing Wire.
March 23, 2011
GM Raises $1B In Ally Share Sale
General Motors has raised $1 billion in a sale of fixed rate perpetual preferred stock of Ally Financial.
March 22, 2011
Ally Financial To Launch IPO
U.S. bank holding company, Ally Financial, is planning to launch a new initial public offering.
March 16, 2011