Release Date: November 15, 2013
For immediate release
The Federal Reserve on Friday announced that it has not objected to a re-submitted capital plan from Ally Financial Inc. Earlier this year, the Federal Reserve objected to Ally’s 2013 capital plan based on both quantitative and qualitative assessments conducted during the annual Comprehensive Capital Analysis and Review. Ally was required to submit a new capital plan under the Federal Reserve’s regulation.
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