Ally May Divest Mortgage Servicing, Business Lending Units
Bloomberg News (10/27, Campbell, 1M) reported, "Ally Financial Inc., the auto lender that's selling assets to repay a U.S. bailout, said its bank subsidiary may divest its portfolio of agency mortgage servicing rights and business-lending operations. The firm wants to focus on customer deposits and supporting auto finance, the Detroit-based company said" Friday. The comments suggest Ally is considering selling the two units.
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