Ally to take $100 mln Q2 charge, gets subpoenaed

Newswire

June 29 (Reuters) - Ally Financial Inc expects second-quarter earnings to be hurt by charge of about $100 million as it had to make payments to certain securitization trusts and said it received subpoenas from regulators relating to its mortgage business. In a regulatory filing with the U.S. Securities and Exchange Commission on Wednesday, the auto-and-mortgage lender said it received subpoenas from the SEC and the U.S. Department of Justice. The subpoena from the SEC contains a broad ...

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