Ally Financial

Ally Financial’s Profit Drops by More Than Half
Financial Performance

Ally Financial’s Profit Drops by More Than Half

“We saw steady improvement throughout the [second] quarter as shelter-in-place orders eased and dealers quickly adapted to the COVID environment."
By Matthew Heller | July 20, 2020
Read More
Ally Financial’s Takeover of CardWorks Called Off
M&A

Ally Financial’s Takeover of CardWorks Called Off

The companies agreed to terminate the $2.7 billion deal, citing the "unprecedented" impact of the COVID-19 pandemic.
By Matthew Heller | June 25, 2020
Read More
Ally Financial to Buy CardWorks
M&A

Ally Financial to Buy CardWorks

The deal will provide "instant capability and scale opportunity" in credit cards and merchant services.
By Lauren Muskett | February 19, 2020
Read More
CFOs on the Move: Week Ending Dec. 15
People

CFOs on the Move: Week Ending Dec. 15

Ally Financial, EmployBridge, Ohio National, Markel, Natural Grocers, Edgewell Personal Care, Archrock, Overseas Shipholding, Electro Scientific, Callon
By Joan Urdang | December 15, 2017
Read More
PNC’s Jenn LaClair Named Ally Financial CFO
People

PNC’s Jenn LaClair Named Ally Financial CFO

LaClair's experience "will be key as we accelerate our growth and evolution as a leading digital financial services company," Ally's CEO says.
By Matthew Heller | December 12, 2017
Read More
Ally Financial Fined $52M Over MBS Marketing
Risk & Compliance

Ally Financial Fined $52M Over MBS Marketing

U.S. authorities say an Ally subsidiary marketed mortgage bonds even though it knew a "significant percentage" of the underlying subprime loans was toxic.
By Matthew Heller | November 22, 2016
Read More
Ally Financial Profit Dips 53% in Q1
Credit

Ally Financial Profit Dips 53% in Q1

Auto loan originations slipped to $9 billion from $9.8 billion a year earlier.
By Matthew Heller | April 27, 2016
Read More
Ally Financial’s Q3 Profit Falls 37%
Credit & Capital

Ally Financial’s Q3 Profit Falls 37%

Income from auto financing fell 16.4%, to $347 million, while income from dealer financing fell 18.5%, to $387 million.
By Katie Kuehner-Hebert | October 29, 2015
Read More
U.S. Treasury Denies GM and Ally Execs Were Overpaid
Regulation

U.S. Treasury Denies GM and Ally Execs Were Overpaid

In 2013, the Treasury Department loosened compensation limits for the top 25 executives at GM and Ally Financial. But did it loosen them too much?
By Iris Dorbian | September 24, 2014
Read More
CFOs on the Move: Week Ending Oct. 18
People

CFOs on the Move: Week Ending Oct. 18

Morningstar, Ally Financial, ADT, Intcomex, Pulse Electronics, Vivint, Newfield Exploration, Oclaro, Idexx Laboratories
By Joan Urdang | October 18, 2013
Read More