Ally pays off remaining debt issued under FDIC program


Dec 19 (Reuters) - Ally Financial Inc, the U.S. auto lender 74 percent owned by the U.S. government, on Wednesday said it has repaid its remaining debt issued under a financial-crisis-era program designed to bolster confidence in the banking system. The former auto lending arm of General Motors Co said it paid back $4.5 billion in debt guaranteed by the Federal Deposit Insurance Corp's Temporary Liquidity Guarantee Program. It repaid another $2.9 billion in debt issued under ...

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