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What services does ally offer?

The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements. Ally is one of the largest car finance companies in the U.S.

How much will ally Canada invest in AIRB?

Based on Basel III standardized capital requirements. Based on Basel III Advanced Internal Rating-Based (AIRB) capital requirements, which we expect to utilize for Ally Canada by 2014, the net investment would be approximately $1.1 billion.

Will Royal Bank lay off ally employees?

"The intent is to make sure that all of Ally's operations are integrated into RBC," said Royal Bank brand and communications spokesman Matt Gierasimczuk in an interview. He declined to say whether Royal Bank would lay off Ally employees or close offices as part of the acquisition.

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