After this week's Auto Finance Summit here, I can…Continue
A central tenet of Ally Financial's reorganization plan for its ResCap unit filed today is the company's continuing ability to grow its auto finance business. The question is, can Ally, in fact, grow that…Continue
Added by JJ Hornblass on May 14, 2012 at 10:30am — No Comments
With Facebook headed for a massive initial public offering, there was speculation that perhaps Ally Financial would reboot its IPO. Not happening, apparently.
Bloomberg is reporting that Ally's IPO will remain on hold as it continues to work through its legacy mortgage…Continue
Ally Financial continues to put up huge origination numbers in its auto financing business.
Ally's second quarter earnings released today show originations up across the board, with leasing enjoying the greatest year-over-year increase (+155% YOY). In all, Ally's originations climbed to $9.5 billion last quarter from $8 billion in the same quarter…Continue
Added by JJ Hornblass on August 2, 2011 at 1:30pm — No Comments
Once the investment banks are contracted, there's no turning back on an initial public offering.
That's where Ally finds itself now that it has reportedly chosen Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley to lead its stock sale.
The news comes from the DealBook blog of the The New York Times.
There had been various reports that Ally was…Continue
Added by JJ Hornblass on February 4, 2011 at 2:33pm — No Comments