(Corrects first paragraph Ally being majority owned by the U.S.
government to partially owned)
Feb 6 Ally Financial Inc, the auto lender owned
in part by the U.S. government, posted a lower quarterly profit,
hurt by a $98 million charge related to a settlement with
The Detroit-based company, once the auto lending arm of
General Motors Co, said net earnings fell to $104 million
in the fourth quarter, from $1.44 billion a year earlier.
Last year's results got a boost from an $856 million tax
Ally had agreed to pay $98 million in December to settle
allegations by regulators that it discriminated in auto lending
against black, Hispanic and Asian/Pacific Islander borrowers.
(Reporting by Tanya Agrawal in Bangalore; Editing by Maju