Ally Financial (NYSE: ALLY) is exiting from the mortgage origination business while cutting hundreds of jobs companywide. The digital-only bank’s layoffs will affect less than 5% of its workforce, according to a statement from bank spokesperson Peter Gilchrist to The...
Ally Financial Inc. (NYSE: ALLY) announced that CEO Jeffrey J. Brown will be stepping down early next year. Brown, who will also be leaving the Charlotte-based lender’s board of directors, has been chief executive since 2015. He will remain at Ally until Jan. 31,...