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Ally working to repay Treasury stock in "near future"
(Reuters) - Ally Financial Inc, the U.S. auto lender that is majority-owned by the U.S. government, is working to repay $5.9 billion in preferred stock owned by the U.S. Treasury "in the near future," Chief Executive Officer Michael Carpenter said on Tuesday.
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Ally working to repay Treasury stock in "near future"
(Reuters) - Ally Financial Inc, the U.S. auto lender that is majority-owned by the U.S. government, is working to repay $5.9 billion in preferred stock owned by the U.S. Treasury "in the near future," Chief Executive Officer Michael Carpenter said on Tuesday.
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