Ally Financial may have IPO next month: report

WASHINGTON (MarketWatch) -- Ally Financial Inc is hoping for an initial public offering of as much as $4.5 billion in March, Reuters reported, citing sources familiar with the matter. The U.S. Treasury Department, with a 37% stake, will be the only seller, the report added. The former financing arm of General Motors is the last of the big banks the U.S. government has a stake in.

-Steve Goldstein; 415-439-6400; AskNewswires@dowjones.com

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