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Home » Ally Financial refocuses with an eye toward auto business

Ally Financial refocuses with an eye toward auto business

Bank's auto originations rose 7.6% in the fourth quarter

Vaidik TrivedibyVaidik Trivedi
March 14, 2025
in Technology
Reading Time: 3 mins read
0
Ally Financial Website

Photographer: Tiffany Hagler-Geard /Bloomberg

Digital bank Ally Financial‘s multiyear restructuring initiative reduced headcount, streamlined operations and implemented new technology, and now the $197 billion bank aims to deploy the resources it has saved toward its auto lending and corporate banking arms, Chief Executive Michael Rhodes said during a panel at Fintech Meetup 2025 in Las Vegas this week.  Rhodes referred […]

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