Entries tagged "Ally Financial Inc."

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ResCap mortgage loan biz fetches $3B

Ocwen Financial and Walter Investment Management outlast the stalking horse for the assets, outbidding it by $550 million at auction. Continue reading

Posted on October 24, 2012 4:09 PM

Plan from Saab, unsecureds may be rivaled

The bankrupt former automaker and its unsecured creditors will seek approval for their joint liquidation plan on Nov. 16, but the debtor's biggest secured creditor wants to present an alternative proposal. Continue reading

Posted on October 23, 2012 8:29 AM

Treasury to cede majority ownership of AIG

An $18 billion-plus share sale could cut the government's ownership of the insurer to just under 25% Continue reading

Posted on September 10, 2012 9:33 AM

Warren Buffett's holding co. seeks ResCap probe

Warren Buffett's Berkshire Hathaway, which owns debt issued by bankrupt loan servicer, wants an examiner appointed to look into the debtor's prepetition transactions with its parent, Ally Financial Inc., among other things. Continue reading

Posted on June 7, 2012 7:51 AM

Saab, Ally to rev up fight over cars in court

The trial will decide which should be given the authority to liquidate some 900 vehicles at three separate U.S. ports Continue reading

Posted on March 7, 2012 2:04 PM

Regulators set 3-step process for picking SIFIs

The Financial Stability Oversight Council on Tuesday unveiled a list of criteria and a three-stage process for selecting the nonbanks to be designated "systemically important financial institutions" and face Federal Reserve oversight, increased scrutiny and maybe increased capital requirements.Moving to... Continue reading

Posted on October 12, 2011 3:15 PM

Marching orders

The EC demanded the asset sales, but ING chief Hommen made his own smart — and fast — moves, including a $9 billion sale of a U.S. online bank. Continue reading

Posted on June 24, 2011 1:10 PM

The engine that could

General Motors' IPO was a landmark event, but its purchase of AmeriCredit may be the bigger cause for celebration. Continue reading

Posted on February 4, 2011 1:22 PM

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