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Ally Financial to acquire TradeKing for $275 million

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Dustin Walsh - Ally Financial Inc. announced Tuesday it plans to acquire Fort Lauderdale, Fla.-based online wealth management firm TradeKing Group Inc. for $275 million. The deal expands Detroit-based Ally's digital banking and investment services, CEO Jeffrey Brown said in a news release. "The addition of wealth management is the next key step in Ally's digital product evolution and will create a powerful combination of segment-leading direct banking and innovative investment services in a single integrated

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