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Ally To Pay Treasury $5.2B For Preferred Shares

By Jeff Sistrunk (August 20, 2013, 9:14 PM EDT) -- Bank holding company Ally Financial Inc. on Tuesday announced plans to pay about $5.2 billion to buy back all its outstanding preferred shares held by the U.S. Treasury, moving one step closer to emerging from government protection under the Troubled Asset and Relief Program....

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