Ally Financial Inc: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Thomson Reuters StreetEvents
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Royal Bank Of Canada Completes Acquisition Of Ally Financial Inc's Canadian Automotive Finance Business
Royal Bank Of Canada announced that it has completed the acquisition of the Canadian automotive finance and deposit business of Ally Financial Inc. (Ally Canada) for a $1.4 billion investment net of excess capital. Including the excess capital and after certain closing adjustments, the total consideration paid was $3.7 billion. The Ally Canada team joins the existing RBC team to form RBC Automotive Finance, a part of the Personal and Commercial Banking segment of RBC. It provides financial services, including floor plan financing, directly to auto dealers and also offers financing for consumers through dealerships.
Latest Developments for Ally Financial Inc
- Ally Financial Inc To Pay $2.1 Billion To Settle Claims Tied To ResCap-Reuters
- CFPB Probing Ally Financial Inc Retail Financing Practices-Reuters
- Canada Competition Bureau Approves Royal Bank Of Canada Purchase Of Ally Financial Inc Unit-Reuters
- Goldman Sachs Group Inc, Morgan Stanley, To Also Settle On Foreclosures; Ally Financial Inc And Others In Settlement Discussions With Federal Reserve-Reuters
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