CORRECTED-UPDATE 2-U.S. Treasury to reduce stake in auto lender Ally


(In paragraph 10, corrects amount Treasury would raise if it sold remaining Ally shares at same price to $4.2 billion from $42.2 billion) WASHINGTON, Jan 16 (Reuters) - The U.S. Treasury Department on Thursday announced plans to sell 410,000 shares in auto lender Ally Financial as part of its effort to unwind its financial bailout fund. The Treasury said it expected taxpayers to recover about $3 billion from the private offering of Ally common stock at ...


To access this content simply register below now.
Registering is easy and allows you to:

  • Access all public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×