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
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/04/2024 03:30:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/04/2024 03:28:55 PM
- Ally Financial schedules release of third quarter financial results • PR Newswire (US) • 09/18/2024 02:00:00 PM
- Hope Mehlman to Join Ally as Chief Legal and Corporate Affairs Officer • PR Newswire (US) • 09/09/2024 01:00:00 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 09/03/2024 08:24:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/28/2024 08:16:31 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 08/27/2024 05:52:39 PM
- Ally and Calm Unite to Help Millions Reach Financial Goals Through Mental Wellbeing • PR Newswire (US) • 08/27/2024 12:03:00 PM
- Illinois Auto Dealer Named the 2024 Ally Sees Her Award Winner for Her Leadership in the Auto Industry and Her Commitment to Community • PR Newswire (US) • 08/26/2024 02:07:00 PM
- Ally Financial to present at the Barclays Global Financial Services Conference • PR Newswire (US) • 08/22/2024 02:00:00 PM
- Form S-3ASR - Automatic shelf registration statement of securities of well-known seasoned issuers • Edgar (US Regulatory) • 08/13/2024 08:39:29 PM
- Form 13F-HR - Quarterly report filed by institutional managers, Holdings • Edgar (US Regulatory) • 08/13/2024 08:06:39 PM
- Ally Launches Free Nationwide Financial Wellness Program Grounded in Money Psychology • PR Newswire (US) • 08/13/2024 01:08:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/26/2024 08:12:58 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 07/23/2024 09:19:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/23/2024 08:19:46 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/22/2024 12:50:34 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/22/2024 12:34:04 PM
- UNRIVALED SCORES WITH ALLY FINANCIAL, THE LEAGUE'S FIRST AND FOUNDING PARTNER • PR Newswire (US) • 07/19/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/17/2024 11:39:39 AM
- Ally Financial reports second quarter 2024 financial results • PR Newswire (US) • 07/17/2024 11:25:00 AM
- Tech-Led Decline in U.S. Index Futures Pre-Market, Oil Prices Steady After U.S. Inventory Drop • IH Market News • 07/17/2024 10:30:52 AM
- Ally Financial declares dividend on common stock and Series B and Series C preferred stock • PR Newswire (US) • 07/16/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/08/2024 08:51:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/08/2024 08:50:12 PM
Unitronix Corp. to Invest $3 Million in USA Unity Coin Project • UTRX • Oct 7, 2024 7:08 AM
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM
Beyond the Horizon: Innovative Drug Combinations Offer New Hope for Alzheimer's and More • NVS • Oct 3, 2024 8:45 AM
SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service To Enhance Natural Rubber Industry's Ability to Report on Sustainable and Ethical Supply Chains • SMX • Oct 3, 2024 7:00 AM