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Ally Financial to exit mortgage origination business
ALLY to Exit Mortgage Business, Cut Jobs & Focus on Auto Franchise
As mortgage rates are expected to remain higher for longer, Ally Financial ALLY will be exiting the mortgage origination business. Further, the company is seeking “strategic alternatives” for its credit card business.
Ally to end mortgage originations, cut jobs across company
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.
Ally Financial to exit the mortgage origination business
Ally Financial (ALLY) plans to exit mortgage origination and evaluate options for the credit card business, impacting less than 5% of workforce.
Ally Financial: Will Be Exiting Mortgage Origination Business and Looking at Strategic Alternatives for Our Credit Card Business in 1Q >ALLY
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing opportunities, strengthen advisor-client relationships and build investor experiences. Learn More.
Ally Financial closes mortgage origination business
Ally Financial announced Wednesday that it would exit the mortgage origination business as part of a broader strategy to pursue higher returns on investments.
8h
Ally Financial (NYSE:ALLY) Coverage Initiated at Truist Financial
Research analysts at Truist Financial started coverage on shares of Ally Financial (NYSE:ALLY – Get Free Report) in a ...
1d
Ally Financial to cut hundreds of jobs companywide, Charlotte Observer reports
Ally Financial (ALLY) plans to cut hundreds of jobs companywide, bank spokesman Peter Gilchrist confirmed in a statement to The Charlotte ...
2d
on MSN
Carvana lands important loan sale deal with Ally Financial
Carvana Co. (NYSE:CVNA) confirmed in an SEC filing that the auto retailer reestablished an agreement with Ally Financial ...
1d
Ally Financial to Cut Employee Headcount, Exit Mortgage Business
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 ...
1d
Ally lays off hundreds of employees
The bank also announced plans to exit the mortgage origination business this quarter. Ally is exploring strategic ...
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How recruitment will change in 2025, according to top HR leaders from Hilton, PwC, and Ally Financial
Rather than looking for perfection, they need to start looking for potential.” ...
2d
Ally Financial: Buy Rating with Projected EPS Growth and Strategic Financial Model Revision
Citi analyst Keith Horowitz has reiterated their bullish stance on ALLY stock, giving a Buy rating on January 3.Stay Ahead of the ...
1d
on MSN
2 Warren Buffett Stocks to Buy Hand Over Fist and 1 to Avoid
Buffett has sold more than half of Berkshire's Apple stake over the past year. It's unclear exactly why he sold, although he ...
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