Ally Financial Launches IPO to Repay Government

Ally Financial announced it launched an IPO of shares of its common stock. The shares will be offered by the U.S. Department of the Treasury as part of its planned exit of its investment in Ally.

March 28, 2014 Ally Financial | Barclays | Citigroup | Goldman Sachs | Morgan Stanley | U.S. Department of the Treasury ABF Journal

Treasury Sells Final Shares of GM Stock; Loses $10.5B

The U.S. government said it sold its remaining shares in General Motors and ended up losing $10.5 billion on its bailout of the auto-maker, but notes “efforts saved jobs and helped stabilize economy during the financial crisis.”

December 10, 2013 General Motors | U.S. Department of the Treasury ABF Journal