US Treasury Department

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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Japan sees Yakuza branching out to startup investing, insider trading, corporate lending - AFP

A report by Agence France-Presse (AFP)recounted the difficulties of curbing the links between corporate Japan and the yakuza, and how some of the country's major banks adopted a laissez-faire compliance in eradicating mob ties.

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US regulators, banking industry set talks to for guidelines on marijuana banking

The US Treasury Department will meet with the banking industry in December to give guidelines on how to deal with marijuana businesses in states that have legalized marijuana use.

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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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