Is Ally Bank Going Out Of Business 2024?

About Ally Bank

The story of Ally Bank started in 1920s-1930s. It started as a auto finance bank and expanded into online banking, credit lending and much more.

About Ally Bank

It became the first bank in the US to operate online-only. This means that there are no physical locations of the bank.

Who Owns Ally Bank?

Ally Bank is a wholly owned subsidiary of Ally Financial, one of the largest bank in the United States by assets.

Who Owns Ally Financial?

Ally Financial is a publicly traded company. Its majority of the owners are institutional shareholders. and the rest are retail investors and Ally insiders.

Top  Shareholders Of Ally Bank

1. Blackrock Inc. 2. Berkshire 3. Vanguard 4. Harris Associates 5. Sessa Capital

Controversy Of Ally Bank

Ally Bank has a markup policy which discriminated over 235,000 African-American, Hispanic, Asian and Pacific Islander borrower.

Financial Statement Of Ally Bank

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

Is Ally Bank Going Out Of Business?

Ally Bank like every other company is struggling with the slow economy and inflation. However, whether the bank will shut down is currently unpredictable.