NEW YORK, Jan 29 (Reuters) – Ally Financial Inc, the largest U.S. auto lender, expects the loss of an exclusive lease agreement with General Motors Co to have a minimal impact on earnings in 2015, executives said Thursday.
A new paper from the National Bureau of Economic Research (NBER) makes the case that the budget surpluses of the Clinton era were to blame for creating the US housing bubble that caused the biggest economic crisis since the Great Recession. Government debt was reduced under Clinton, so investment money ballooned into property and real estate instead as investors looked for alternative “safe” vehicles for their money…
Jan 29 (Reuters) – Goldman Sachs Group Inc’s lending exposure to troubled companies in the energy sector is small enough to be immaterial, Chief Financial Officer Harvey Schwartz said on Thursday.
Jan 29 (Reuters) – Ally Financial Inc CEO Michael Carpenter said in a Thursday interview with Reuters: * The idea that subprime auto is the next subprime mortgage crisis is “complete garbage” * For Ally, there are no similarities with subprime auto and subprime mortgage crisis
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