Ally Financial Inc., the auto lender rescued by the U.S. government during the 2008 financial crisis, dropped in its trading debut after pricing its initial public offering at the low end of an expected range.
U.S. regulators will focus this year on improving transparency in derivatives markets and continue to analyze whether asset-management firms pose a potential risk to economic stability, the U.S. Treasury Department’s top domestic- finance official said.
The location of the National Credit Union Administration suits its place in the hierarchy of U.S. financial regulators. Unlike its better-known peers, which are all clustered near the Capitol or the White House, the agency is a 20-minute drive from downtown Washington in good traffic.
Mary Miller, the U.S. Treasury Department’s undersecretary for domestic finance, said there is no “deep federal assistance right around the corner” for Puerto Rico and the U.S. government will give “any assistance we can on fiscal management.”