News
Catholic U. ordered to pay more than $1 million to former professor ...
www.washingtonpost.com
During the trial, university officials said Ally was terminated for being insubordinate and failing to curtail the costs of the school design project. But Ally said she was dismissed because she was Muslim, of Indian descent and female. Ally, an alumna of the Northeast Washington university, maintains that ...
Auto lender Ally Financial reports higher-than Charlotte Observer
www.charlotteobserver.com
Despite the higher-than-expected results, Brown said Ally Financial is acting cautiously at a time when the consumer credit environment has increasingly become a concern. “We are not chasing volumes. We are not chasing risks. And we are not looking at low-margin, no-margin loans. We are simply ...
Ally Questions Automakers' Discipline as Cars Pack Dealer Lots ...
www.bloomberg.com
While Brown said Ally is still “constructive” on auto lending, the used-car price projections are at the mercy of automakers heavily discounting new models to sustain sales. Incentive spending and an oversupply of used vehicles coming off leases are depressing used-car values. The National Automobile ...
Exclusive: Ally assumes it will lose entire GM leasing business - CEO
www.reuters.com
GM's pullback from Ally threatens to cut off about one-quarter of the bank's retail lending business, though the company expects the changes will have a minimal financial impact in Brown said Ally is redeploying capital to other types of business, like lending for used cars and to dealers not associated ...
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