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July 06, 2015 4:31 AM ET

Consumer Finance

Company Overview of Ally Financial Inc.

Company Overview

Ally Financial Inc. provides financial products and services primarily to automotive dealers and their customers in the United States. It offers dealer financial services, including a range of financial services and insurance products to automotive dealers and retail customers. The company also provides automotive finance services, such as new and used vehicle inventory financing; inventory insurance; term loans, including real estate and working capital loans; and vehicle remarketing services, as well as vehicle service contracts (VCSs) and guaranteed automobile protection (GAP) products. In addition, it offers retail automotive financing for new and used vehicles, and leasing for new vehic...

200 Renaissance Center

PO Box 200

Detroit, MI 48265

United States

Founded in 1919

6,900 Employees

Phone:

866-710-4623

Key Executives for Ally Financial Inc.

Chief Executive Officer and Director
Age: 54
Total Annual Compensation: $600.0K
Chief Financial Officer
Age: 47
Total Annual Compensation: $500.0K
Chairman of Ally Bank, Chief Executive Officer of Ally Bank and President of Ally Bank
Age: 56
Total Annual Compensation: $600.0K
Group Vice President and General Counsel
Age: 62
Total Annual Compensation: $500.0K
Consultant
Age: 68
Compensation as of Fiscal Year 2014.

Ally Financial Inc. Key Developments

Mathew Pendo Intends to Resign from the Board of Ally Financial Inc

On June 9, 2015, Mathew Pendo, a director of Ally Financial Inc. announced that he has informed the board of directors of the company of his decision to resign from the board, effective June 12, 2015.

General Electric To Sell Its US Lending Assets

General Electric Company (NYSE: GE) has launched the sales process for a roughly $40 billion portion of its U.S. commercial lending assets as a part of its broad retreat from its finance businesses, a source familiar with the situation said. GE spokesman declined to comment. U.S. Bancorp (NYSE:USB), Wells Fargo & Company (NYSE:WFC), Ally Financial Inc. (NYSE:ALLY), General Electric Company (NYSE:GE), The Toronto-Dominion Bank (TSX:TD), Capital One Financial Corporation (NYSE:COF) and CIT Group Inc. (NYSE:CIT) are among the potential bidders for the GE assets, the paper said, citing people familiar with the matter. GE is working with Credit Suisse Group AG and Goldman Sachs Group Inc on the sale, while J.P. Morgan Chase & Co is overseeing all of the sales processes, according to the source.

Ally Financial Inc. Presents at Morgan Stanley Financials Conference 2015, Jun-09-2015 09:10 AM

Ally Financial Inc. Presents at Morgan Stanley Financials Conference 2015, Jun-09-2015 09:10 AM. Venue: The Waldorf-Astoria Hotel, 301 Park Avenue at 50th Street, New York City, New York, United States. Speakers: Jeffrey J. Brown, Chief Executive Officer and Director.

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