Ally Financial Inc.

General Motors looks to sell stake in Ally Financial

General Motors Corporation LLC is looking to put up for sale the last of its holdings in Ally Financial Inc. via a private placement. Ally, GM's financing arm, is reportedly eyeing an initial public offering.

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Ally's James Mackey to become Freddie Mac's finance chief

Freddie Mac announced its new chief financial officer, James Mackey, a top executive in Ally Financial Inc. last Monday.

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Ally seeks to repay USD$1 billion bailout

Ally Financial Inc. said through a statement that it had sought to repay a bailout debt valued USD1 billion.

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Federal Reserve says GMAC Mortgage will pay USD 230 million to borrowers

The Federal Reserve said that Ally Financial Inc.'s GMAC Mortgage will pay a total of USD 230 million to borrowers as settlement for handling foreclosures improperly.

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