AIG, Allstate, others on ResCap creditor committee

(Reuters) - Nine creditors of Residential Capital LLC, including the insurers American International Group Inc and Allstate Corp, were selected to join the unsecured creditors committee for the mortgage lender's bankruptcy.

Allstate, Deutsche Bank, American International Group and six other firms will represent unsecured creditors in the bankruptcy of mortgage lender Residential Capital.

(Reuters) - Residential Capital LLC Chief Executive Thomas Marano has resigned as the mortgage subsidiary of auto lender Ally Financial Inc works its way out of bankruptcy. Marano, who joined ResCap in 2008, will remain as a member of the board. Marano spent more than 25 years at now-defunct investment bank Bear Stearns & Co, where he was the global head of mortgage and asset-backed securities. Marano was managing director at Cerberus Capital Management before moving to ResCap. ...

Ally Financial Inc.'s mortgage division known as ResCap is seeking Chapter 11 bankruptcy protection.The government-owned lender had been weighing a bankruptcy filing for Residential Capital LLC for some ...

(Reuters) - Ally Financial Inc must sign a deal to resolve claims that it owes billions of dollars to creditors of its Residential Capital LLC unit by 11 a.m. EDT Tuesday (1500 GMT) to avoid the publication of a potentially damaging report into its role in ResCap's bankruptcy. Negotiations between the auto lender, which is three-quarters owned by the U.S. government, and creditors of its home lending subsidiary have already dragged beyond an initial deadline of Friday. ...

(Reuters) - Residential Capital LLC Chief Executive Thomas Marano has resigned as the mortgage subsidiary of auto lender Ally Financial Inc works its way out of bankruptcy.

Felix Salmon submits: Louise Story and Gretchen Morgenson have another huge AIG/Goldman story today, which centers on one new and interesting piece of information: when AIG (AIG) paid off its bank creditors in full, with the help of that monster government