Wednesday, August 23, 2017 10:30:34 AM
Roll-off of $2.7 billion from Ally Bank to Ally Financial increases likelihood of high interest unsecured debt being paid off as scheduled over next several years.
https://media.ally.com/2017-08-22-Ally-Announces-Normalization-of-Regulatory-Capital-Requirements-at-Ally-Bank
Commitment to Maintain a Tier 1 Leverage Ratio of At Least 15% and Other Application Commitments Released
DETROIT, Aug. 22, 2017 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today announced that the Federal Reserve has released Ally Bank from the capital, liquidity, and business plan commitments that had been made in connection with its application for membership in the Federal Reserve System, including the commitment to maintain a Tier 1 leverage ratio of at least 15%. Ally Bank may now manage its capital and liquidity subject to applicable regulatory requirements and, as a result, is expected to distribute a dividend of approximately $2.9 billion to Ally Financial Inc. during the third quarter of 2017.
"The release of these application commitments is a significant milestone for the company," said Ally Chief Executive Officer Jeffrey J. Brown. "This development completes the process of normalizing our regulatory framework, allowing us to optimize our capital and funding structure on a level playing field with other banks, and is a critical step in ensuring we remain on track for delivering on our financial and strategic objectives."
Recent ALLY News
- Ally Financial reports first quarter 2024 financial results • PR Newswire (US) • 04/18/2024 11:25:00 AM
- Ascendion Receives Ally Financial Innovation Award at 2024 Supplier Symposium • PR Newswire (US) • 04/16/2024 03:32:00 PM
- Ally Financial declares dividend on common stock and Series B and Series C preferred stock • PR Newswire (US) • 04/16/2024 01:00:00 PM
- Walgreens Slashes Annual Profit Forecast; MillerKnoll Nosedives 17% on Bleak 4Q Outlook, and Latest News • IH Market News • 03/28/2024 01:48:04 PM
- Ally Financial names Michael Rhodes as CEO • PR Newswire (US) • 03/27/2024 08:12:00 PM
- Ally Bank Launches Home Grant Program Alongside New Eligibility Search Tool • PR Newswire (US) • 03/19/2024 01:00:00 PM
- Charlotte Sports Foundation and Ally Financial Unveil 2024 Ally Tipoff Lineup and Extend Partnership through 2026 • PR Newswire (US) • 03/14/2024 01:30:00 PM
- Ally Financial schedules release of first quarter financial results • PR Newswire (US) • 03/13/2024 02:00:00 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 03/11/2024 08:48:07 PM
- Ally Financial Continues to Make Women's Sports Unmissable, Sponsors U.S. Tour for Wrexham AFC Women • PR Newswire (US) • 03/11/2024 01:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/05/2024 09:30:49 PM
- The WNBA has a new Ally: Las Vegas Aces and Ally Financial Announce Multi-Year Deal, Aces Players Join Team Ally • PR Newswire (US) • 03/05/2024 08:30:00 PM
- Synchrony Completes Acquisition of Ally Lending • PR Newswire (US) • 03/04/2024 01:00:00 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 02/26/2024 09:31:29 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 02/20/2024 08:38:32 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 09:43:27 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 09:20:53 PM
- Ally Financial to present at the RBC Capital Markets Financial Institutions Conference • PR Newswire (US) • 02/14/2024 03:00:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 09:59:03 PM
- Form 13F-HR - Quarterly report filed by institutional managers, Holdings • Edgar (US Regulatory) • 02/13/2024 09:06:59 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 02/12/2024 10:09:58 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 02/12/2024 08:58:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/06/2024 09:36:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/06/2024 09:33:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/06/2024 09:30:22 PM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM
Avant Technologies Launches Advanced AI Supercomputing Network and Expansive Data Solutions • AVAI • Apr 23, 2024 8:00 AM
BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM
Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • BLO • Apr 22, 2024 8:49 AM