ALLY FINANCIAL INC. (NYSE:ALLY) Files An 8-K Regulation FD DisclosureItem 7.01 Regulation FD Disclosure.
On August 22, 2017, Ally Financial Inc. (Ally) issued a press release with the announcement described in Item 8.01. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in this Item 7.01 and Exhibit 99.1 is being furnished and is not deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities of that Section.
Item 8.01 Other Events.
On August 22, 2017, Ally 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.
Item 9.01 Financial Statements and Exhibits.
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Exhibit No. |
Description |
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99.1 |
Press Release, Dated August 22, 2017 |
Ally Financial Inc. ExhibitEX-99.1 2 exhibit991-pressreleasedat.htm EXHIBIT 99.1 Exhibit Ally Announces Normalization of Regulatory Capital Requirements at Ally BankCommitment to Maintain a Tier 1 Leverage Ratio of At Least 15% and Other Application Commitments ReleasedDETROIT,…To view the full exhibit click here
About ALLY FINANCIAL INC. (NYSE:ALLY)
Ally Financial Inc. is a financial holding company and a bank holding company. The Company’s banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. The Company operates through three segments: Automotive Finance operations, Insurance operations and Mortgage operations. Its Automotive Finance operations segment provides automotive financing services to consumers and automotive dealers. Its Insurance operations segment offers both consumer financial and insurance products sold through the automotive dealer channel, and commercial insurance products sold to dealers. Its Mortgage operations segment includes the management of its held-for-investment mortgage loan portfolio and the execution of bulk purchases of jumbo and low-to-moderate income (LMI) mortgage loans originated by third parties. Its main lines of business are Dealer Financial Services, which includes its Automotive Finance and Insurance operations, and Mortgage.
