Ally To Repay Treasury $2.7 Bln

03 Mar 2011

Ally Financial says it will begin repaying taxpayers for bailout money it received through a Department of the Treasury sale of $2.7 billion of all the trust preferred securities that Treasury holds in the lender.

Ally Financial says it will begin repaying taxpayers for bailout money it received through a Department of the Treasury sale of $2.7 billion of all the trust preferred securities that Treasury holds in the lender. Ally received $15 billion in rescue funds, but said the firm has already ...

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