Ally Financial

Ally Reports Net Charge-Offs Rise Due to High-Priced Cars

Ally Reports Net Charge-Offs Rise Due to High-Priced Cars
Ally Reports Net Charge-Offs Rise Due to High-Priced Cars
July 17, 2024  |  Earnings

Ally Financial reported Wednesday (July 17) that its net charge-offs (NCOs) in the second quarter rose in comparison to the same quarter a year earlier,...

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Ally Financial Names Discover Chief Michael Rhodes as CEO
Ally Financial Names Discover Chief Michael Rhodes as CEO
March 27, 2024  |  Personnel

Ally Financial has announced that Michael G. Rhodes will become its new CEO and will be appointed to the board of directors on April 29. Get the Full...

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Synchrony Finalizes $2.2 Billion Ally Lending Acquisition
Synchrony Finalizes $2.2 Billion Ally Lending Acquisition
March 04, 2024  |  Partnerships

Synchrony has completed its purchase of Ally Lending, Ally Financial’s point-of-sale (POS) financing business. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Synchrony: Resilient Consumers Embrace ‘Pay Later’ Options as Credit Trends Normalize
Synchrony: Resilient Consumers Embrace ‘Pay Later’ Options as Credit Trends Normalize
January 23, 2024  |  Earnings

Synchrony Financial posted fourth-quarter results that showed charge-offs increasing as management pointed to credit normalization in the months ahead, and said the firm was also...

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Synchrony’s POS Acquisition Underscores Paying Over Time’s Appeal Beyond the Cards
Synchrony’s POS Acquisition Underscores Paying Over Time’s Appeal Beyond the Cards
January 22, 2024  |  Partnerships

In an age where consumers are grappling with ways to manage debt, but also finance the purchases they need, point-of-sale financing is gaining ground. Get...

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Synchrony to Acquire Ally Financial’s POS Financing Arm
Synchrony to Acquire Ally Financial’s POS Financing Arm
January 19, 2024  |  Partnerships

Synchrony and Ally Financial have reached a definitive agreement for Synchrony to acquire Ally’s point-of-sale financing business.  Get the Full Story Complete the form to unlock this article...

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CE 100 Index Adds 1.1% as Bank Earnings Blunt Gains, iRobot Plummets 20% 
CE 100 Index Adds 1.1% as Bank Earnings Blunt Gains, iRobot Plummets 20% 
January 15, 2024  |  Connected Economy

Friday heralded the official kick off of earnings season, with banks leading the charge. Get the Full Story Complete the form to unlock this article...

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Ally Names Dealer Financial Services President Douglas Timmerman as Interim CEO
Ally Names Dealer Financial Services President Douglas Timmerman as Interim CEO
January 12, 2024  |  Personnel

Ally Financial named its president of dealer financial services, Douglas Timmerman, as its interim CEO. Get the Full Story Complete the form to unlock this...

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