Ally pays $750 million in ResCap bankruptcy - Finance & Commerce

Ally pays $750 million in ResCap bankruptcy?

Posted: 12:51 pm Tue, May 15, 2012
By Bloomberg?News
Tags: Ally Financial Inc., Residential Capital

Ally Financial Inc. contributed $750 million to cover legal claims on soured loans tied to its bankrupt mortgage unit, even though the firm calls them meritless, ?to avoid the noise,? according to its leader.

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This entry was posted on Tuesday, May 15th, 2012 at 12:51 pm and is filed under Finance & Banking. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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