Michael Carpenter

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Ally not looking to sell U.S auto lending-CEO

10:24 AM — May 15 —
Source: Reuters

Ally Financial is "absolutely not" looking to sell its core U.S auto lending business following a bankruptcy filing by its mortgage unit and a plan to sell its international operations, Chief Executive Michael Carpenter said on Tuesday. Read More

Ally to Sell Non-U.S. Units as ResCap Goes Bankrupt

8:35 AM — May 14 —
Source: Bloomberg.com

Ally Financial Inc. (ALLY) , the auto lender whose mortgage unit went bankrupt, may sell international car- finance and insurance operations to help repay a $17.2 billion U.S. bailout, Chief Executive Officer Michael Carpenter said. Read More