The Banking and Strategy Initiative

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Tag Archives: Ally Financial

BofA $8.5 BLN settlement still subject to query from Eric Schneiderman | Legal insight

The New York Attorney General, emboldened by his $25 bln settlement with BofA and Ally Financial among others in 49 states that was validated by courts, continued questioning the pennies … Continue reading

April 11, 2012

Citi fighting for International (Home) Equity and Fair treatment in Stress Tests | Banking Insight

The Sorkin  papers reveal that Citi has managed to get a notice of retraction from the Fed clarifying that the Loss suffered  in Stress Testing for 27 quarters was limited … Continue reading

March 18, 2012

Ally Financial bothered with rebranding as GM? | Deal insight

The GMAC ‘outlet’ Ally Financial that has just stopped selling GMAC loands in Massachussets, is only 73.8% owned by the Treasury but for just $17 bln of the bailout money … Continue reading

February 24, 2012

The Housing Recovery 2012: A $26 bln settlement with U.S. Govt.

The Government signed into an abiding contract a $26 bln settlement with the five large banks, according to the WSJ. Citi, Ally Financial, Chase, Bank  of America and Wells Fargo … Continue reading

February 9, 2012 · 3 Comments

The Housing recovery 2012: The Umbrella settlement with states to include $5 mln penalties

Banks are close to a single unified settlement with multiple US State Attorney Genrals valued at $25 bln when last heard. The new settlement will give states the power to … Continue reading

February 1, 2012 · 2 Comments

ING join HSBC in disenfranchising their US Brands | Advantage Banks

HSBC just announced its intentions to get rid of Household international or its current HSBC USA operation for $25 bln. Close on the heels of the same, ING is already … Continue reading

June 7, 2011 · 7 Comments