According to the Federal Reserve, Ally Financial will not be able to survive a severe recession in the US.
Ally Financial, which is still majority-owned by the government after the 2009 bailouts, would be the only one among the nation’s 18 largest banks that would not survive the Federal Reserve’s scenario. The government led an annual ‘stress test’ which showed that the 18 major US banks had fewer bad loans compared with 2012, due to a stronger economy.
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