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.
It became the first bank in the US to operate online-only. This means that there are no physical locations of the bank.
Ally Bank is a wholly owned subsidiary of Ally Financial, one of the largest bank in the United States by assets.
Ally Financial is a publicly traded company. Its majority of the owners are institutional shareholders. and the rest are retail investors and Ally insiders.
1. Blackrock Inc. 2. Berkshire 3. Vanguard 4. Harris Associates 5. Sessa Capital
Ally Bank has a markup policy which discriminated over 235,000 African-American, Hispanic, Asian and Pacific Islander borrower.
Total Assets: 191,826,000 Total Debt: 20,161,000 Revenue: 191,826,000 Free Cash Flow: 2,715,000
Ally Bank like every other company is struggling with the slow economy and inflation. However, whether the bank will shut down is currently unpredictable.