Ally Financial

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."

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.

Ally Financial to Buy CardWorks

The deal will provide "instant capability and scale opportunity" in credit cards and merchant services.

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

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.

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.

Ally Financial Profit Dips 53% in Q1

Auto loan originations slipped to $9 billion from $9.8 billion a year earlier.

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.

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?

CFOs on the Move: Week Ending Oct. 18

Morningstar, Ally Financial, ADT, Intcomex, Pulse Electronics, Vivint, Newfield Exploration, Oclaro, Idexx Laboratories