Tag: Ally Financial

Auto lenders are facing higher losses tied to lease terminations, especially as electric vehicles come off lease with lower-than-expected residual values.  Ally Financial accelerated its lease ...

Banks are detailing their private credit exposure to boost transparency amid questions from investors.  Executives from national and regional banks faced questions during first-quarter earnings calls this ...

Ally Financial’s auto originations rose in the first quarter in tandem with a jump in application volume and improved credit performance.  Auto ...

Ally Financial’s originations rose in the fourth quarter as credit performance improved following underwriting adjustments.   Auto originations landed at $10.8 billion in Q4, up 4.9% year over year compared with $10.3 billion but down ...

Chase Auto this month has named Lester Pataki head of commercial solutions to lead the bank’s national commercial lending and treasury team and scale the commercial ...

Ally Financial has improved employee retention, increased promotion rates and encouraged engagement from team members and management through its employee ...

Ally Financial today announced companywide layoffs as the financier looks to simplify its leadership and organizational structure.  “To better align ...

Carvana’s originations jumped 58.8% year over year in the third quarter and the retailer extended and increased its forward-flow deal ...