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A Royal Bank of Canada sign is seen in downtown Toronto. The bank’s wealth-management unit has some $325-billion in assets under management. (MARK BLINCH/REUTERS)
RBC closing in on Ally
TIM KILADZE
— The Globe and Mail
Published
Last updated
Royal Bank of Canada is on the verge of buying Ally
Financial’s Canadian arm.
The sale is part of a global restructuring that Ally
first announced in May. Early in the auction process General Motors Co.
described itself as the “natural buyer”, as Ally was previously owned by GM and
was once known as General Motors Acceptance Corp.
