Is Ally Bank Going Out Of Business 2024?

About Ally Bank

Ally Bank is a unit of Ally financial , which is one of the largest bank by assets in the United States. The bank was founded in 2009 and is the digital-only division of Ally Financial. which offers credit card facilties, mortgages, personal loans and investment accounts.

Who Owns Ally Bank?

Ally Bank is a units of Ally Financial. But the bank is wholly owned indirect subsidy of Ally Financials . One the other hand, Ally Financial is  a publicly traded company.

Top Shareholders Of Ally Bank

1. Blackrock Inc. 2. Berkshire Hathway Inc. 3. Vanguard Group Inc. 4. Harries Associates 5. State Street Corporation

Financial Position Of Ally Bank (2022)

Total Assets: $191,826,000 Total Debt: $20,161,000 Total Revenue: $191,826,000 Free Cash Flow: $2,715,000 Net Debt: $14,590,000

Controversy Of Ally Bank

Ally Financials Inc. and Ally Bank have a markup policy that discrimated over 235,000 African-American, Hispanic, Asian and Pacific-Islander Borrowers.

Is Ally Bank Closing?

Ally Bank has considered putting its struggling mortgage units like ResCap through bankruptcy. However, nothing can be said about the shut down of whole business.