Ally Financial

Banking’s response to #MeToo: Training employees to speak up

02/12/18

Strong policies against sexual harassment appear to be a factor in shielding banks from the public shamings that have occurred in other industries, but even they know they can’t get too complacent. Some are ditching old training sessions and trying new things like coaching witnesses on how to report demeaning behavior.

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Ally makes gains in auto lending as other banks retreat

01/30/18

The Detroit company recorded an 11% increase in car loans and leases originated during the fourth quarter, as well as a jump in yields. Ally appears to be benefiting from Wells Fargo's substantial retrenchment in auto lending.

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Ally taps PNC's LaClair to serve as next CFO

12/12/17

Jenn LaClair will replace Chris Halmy, who is retiring. She most recently headed up PNC's business bank.

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Ally Financial taps former Citi exec to lead corporate strategy

11/08/17

Dinesh Chopra is online bank's first-ever chief strategy officer.

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Auto lenders brace for losses from Harvey, Irma and Maria

10/25/17

The hurricanes destroyed hundreds of thousands of cars, and banks are significantly boosting their reserves in anticipation of higher defaults on auto loans. But there is also a silver lining for auto lenders.

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Most Powerful Women in Banking: No. 11, Ally's Diane Morais

09/25/17

Under Diane Morais, Ally Bank is growing deposits at a rate four times faster than the industry average.

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Ally Financial commits to new digs in downtown Charlotte

09/20/17

The online bank will consolidate all of its Charlotte-area employees into a new office tower, but its headquarters will remain in Detroit.

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Fed releases Ally Bank from capital, liquidity restrictions

08/22/17

The commitments were the residue of restrictions that were placed on Ally in the wake of government bailouts in 2008 and 2009.

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Higher yields on car loans drive revenue growth at Ally Financial

07/27/17

The Detroit company is capitalizing on other banks' retreat from the auto sector.

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Banks cede market share in auto lending: Report

06/07/17

Large banks have scaled back lending as competition has intensified and credit unions and financing arms of car manufacturers are picking up the slack.

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