ALLY to Exit Mortgage Business, Cut Jobs & Focus on Auto Franchise
1 day ago · Ally Financial expects loan losses to increase in 2024. Retail auto net charge-off (NCO) rates are projected to be between 2.25% and 2.30% for 2024, up from the prior target of 2.1%.
Ally to End Mortgage Originations, Cut Jobs Across Company
2 days ago · The Detroit-based company will cut less than 5% of its workforce, an Ally spokesperson said in an email to Bloomberg News. The firm had about 11,100 employees as of the end of 2023, with a ...
Ally lays off hundreds of employees | Banking Dive
3 days ago · Ally Financial laid off hundreds of its roughly 11,000 employees Tuesday, a spokesperson confirmed Wednesday. Spokesperson Peter Gilchrist said the job cuts, which aren’t specific to any location or line of business, amount to less than 5% of its workforce. He called the cuts “a right-siz[ing ...
Ally Financial to Cut Employee Headcount, Exit Mortgage Business
3 days ago · Ally Financial said Wednesday it will enact a layoff of less than 5% of its 11,000-employee workforce, as well as exit the mortgage-origination business, as the company is burdened by borrowers ...
Ally Financial confirms hundreds of layoffs companywide, …
This is the second round of job cuts Ally has made in just over 15 months. In October 2023, Ally Financial cited economic challenges and cut 5% of jobs companywide in various departments to save ...
Ally Financial implements layoffs, cutting lines of business ...
2 days ago · A bank with a large presence in Charlotte is reducing its workforce by several hundred positions. Ally Financial Inc. (NYSE: ALLY) is reducing its workforce by several hundred positions, a move ...
Ally to End Mortgage Originations, Cut Jobs Across Company (1)
2 days ago · Ally Financial Inc. will cut jobs, end mortgage originations and consider strategic alternatives for its credit-card business as borrowers have struggled to pay down costly debt. The Detroit-based company will cut less than 5% of its workforce, an Ally spokesperson said in an email to Bloomberg News. The firm had about 11,100 employees as of the end of 2023, with a significant portion of its ...
Why Ally Financial Shares Are Plunging Today - The Motley Fool
Sep 10, 2024 · A top executive from Ally Financial (ALLY -1.19%) sounded the alarm on the state of the U.S. consumer during a financial conference Tuesday, and investors heeded the warning, sending...
Ally Financial Inc. (ALLY) Latest Stock News & Headlines
Get the latest Ally Financial Inc. (ALLY) stock news and headlines to help you in your trading and investing decisions.
Ally Financial warns of 'intensifying' credit challenges, shares slump
Sep 10, 2024 · Ally Financial's credit challenges have intensified over the current quarter as borrowers struggled with high inflation, the consumer lender's finance chief said on Tuesday.
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