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Archive Home > 2010 > December > 31 > Treasury shifts stake in Ally Financial

Treasury shifts stake in Ally Financial


December 31, 2010

WASHINGTON — The Treasury Department on Thursday announced changes to its investment in Ally Financial that may make it easier for the bailed-out lender to launch an initial public offering of stock and repay its government loans.

The Treasury said it plans to convert a portion of its ownership....

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