Tuesday, May 21 2013 10:16 AM EDT2013-05-21 14:16:39 GMT
LOUISVILLE, Ky. (WDRB) -- Louisville Metro Police say they've arrested two men for climbing on top of a billboard. According to an arrest report, it happened just after 1 a.m. Monday at Bearno's PizzaMore >>
Monday, May 20 2013 10:38 PM EDT2013-05-21 02:38:47 GMT
LOUISVILLE, Ky. (WDRB) -- Teddy Bridgewater doesn't ask for much. So when he told University of Louisville football coach Charlie Strong and offensive coordinator Shawn Watson that he wanted to ask somethingMore >>
Louisville quarterback Teddy Bridgewater is certainly going to be a Heisman Trophy candidate to start next season, but he has told coaches he doesn't want a Heisman publicity campaign.More >>
Tuesday, May 21 2013 12:03 PM EDT2013-05-21 16:03:47 GMT
LOUISVILLE, Ky. (WDRB) -- This has a familiar sound. Bobby Petrino takes over a program making a conference change and looks to lift it in stature.The new Western Kentucky University coach was at the ConferenceMore >>
In Eric Crawford's "Morning Line," Bobby Petrino says he's not patient and wants to get WKU "cranked up pretty good" in a hurry, plus John Calipari's storm donation and more.More >>
Tuesday, May 21 2013 6:06 PM EDT2013-05-21 22:06:40 GMT
LOUISVILLE, Ky. (WDRB) -- A Louisville man has been arrested after police say he kidnapped a juvenile girl and threw her in the trunk. According to an arrest report, the incident took place on Thursday,More >>
Police say he threw the girl in his trunk, then called her family, demanding a ransom for her safe return.More >>
Monday, May 20 2013 12:41 AM EDT2013-05-20 04:41:21 GMT
LOUISVILLE, Ky. (WDRB) -- The scene is always the same. After every University of Kentucky basketball home game, the coach walks across the Rupp Arena court, puts on his headset and starts talking withMore >>
Kentucky basketball coach John Calipari will do things a bit differently with his young but talented Wildcats team this season.More >>
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SOURCE Ally Financial
DETROIT, March 7, 2013 /PRNewswire/ -- Ally Financial believes that the Federal Reserve's analysis of Ally's capital adequacy for the Dodd-Frank Act Stress Test (DFAST) is fundamentally flawed and, while the Fed has not provided details, the analysis is inconsistent with historical experience in the most stressed periods in our business.
While Ally appreciates the Fed's role in ensuring that financial institutions have adequate capital during stressed situations, using flawed assumptions could have lasting adverse impacts on the economy, including ultimately causing banks to reduce certain key lending categories. For example, Ally believes the loss rates assumed for the automotive finance business are implausible, even in dire economic situations. The auto finance sector, in fact, has historically been one of the best performing asset classes during economic downturns.
Regardless of the DFAST results, Ally continues to have strong capital levels and ample liquidity to support its automotive finance operations. In addition, Ally Bank continues to be a well-capitalized bank with a leading position in the market.
Moreover, if the Fed has significant concerns about Ally's capital adequacy, it can immediately initiate a conversion of approximately $5.9 billion of existing capital that can be fully converted into Tier 1 common equity at their discretion.