Treasury

JIM HENRY

Ally moves closer to independence, cheaper money

12:01 am U.S. ET | June 25, 2014
Ally Financial will move one step closer toward independence from government ownership next month when two of its three remaining board members nominated by the U.S. Treasury step down from the board....
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U.S. government says it lost $11.2 billion on GM bailout

May 1, 2014 06:01 CET
The U.S. government says it lost $11.2 billion on its bailout of GM, more than the $10.3 billion the Treasury Department estimated when it sold its remaining shares in the company in December....
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U.S. government says it lost $11.2 billion on GM bailout

2:53 pm U.S. ET | April 30, 2014
The U.S. government lost $11.2 billion on its bailout of GM, more than the $10.3 billion the Treasury Department estimated when it sold its remaining shares in the company in December, according to a government report released on Wednesday....
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U.S. sells last of GM shares, ending 'Government Motors' era

Dec. 10, 2013 06:01 CET
The U.S. Treasury sold its last shares of General Motors stock, ending more than four years of government ownership in the nation's largest automaker at a loss of about $10.5 billion to U.S. taxpayers....
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Study: GM, Chrysler bailouts generated 8-to-1 savings

1:18 pm U.S. ET | Dec. 9, 2013
Taxpayers are likely to lose nearly $14 billion on the bailouts of General Motors and Chrysler, but an analysis released today by the Center for Automotive Research says the intervention should still be seen as a success....
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U.S. sells last of GM shares, ending 'Government Motors' era

4:22 pm U.S. ET | Dec. 9, 2013
The Treasury on Monday sold its last shares of General Motors stock, ending more than four years of government ownership in the nation's largest automaker at a loss of about $10.5 billion to U.S. taxpayers. The government said in a statement that it recouped $39 billion of its original $49.5 billion investment into GM. Company executives and dealers say that the stigma of federal ownership, which earned GM the derisive nickname “Government Motors,” has hurt sales....
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GM investors expect buybacks, dividend after U.S. exit

3:06 pm U.S. ET | Nov. 25, 2013
General Motors investors are focused on the possibility of stock buybacks or a dividend on common shares now that the Treasury has outlined its plans to sell the rest of its GM stake by year end, analysts said....
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U.S. plans to sell remaining 31.1 million GM shares by year end

9:50 am U.S. ET | Nov. 21, 2013
The Treasury Department said it expected to sell its remaining 31.1 million shares of General Motors by the end of the year, a plan that may leave taxpayers with a shortfall of about $10 billion on the automaker's 2009 bailout....
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U.S. now expects to lose $9.7 billion on GM stock

12:11 pm U.S. ET | Oct. 29, 2013
The Treasury now expects to lose $9.7 billion selling the General Motors stock it received in 2009 after its bailout of the automaker....
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U.S. Treasury cuts stake in GM to 7.3%

10:16 am U.S. ET | Sept. 18, 2013
The federal Treasury has sold another block of shares in General Motors, reducing its stake to 7.3 percent as it moves toward exiting its holdings in the automaker by the end of March....
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U.S. Treasury sells another $877 million in GM stock

3:05 pm U.S. ET | Aug. 13, 2013
The Department of Treasury continues to divest its shares in General Motors, following its pledge last December that it would fully divest from its investment in GM within 12-15 months. The Treasury received total net proceeds of about $877 million from sales of GM common stock in July, the department's monthly report to Congress said....
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