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The planned layoffs are not specific to any location or operation. ALLY spokesperson Peter Gilchrist revealed these details. Similarly, last month, Bloomberg reported that UBS Group AG UBS is ...

Ally Financial Inc. will cut jobs, end mortgage originations and consider strategic alternatives for its credit-card business as borrowers have struggled to pay down costly debt.

Employees were notified of the layoffs Tuesday, spokesperson Peter Gilchrist wrote in an email. He did not say how many employees were impacted in Detroit. "Reductions are not specific to any one ...

we announced that we will be exiting the mortgage origination business and looking at strategic alternatives for our credit card business in the first quarter of this year,” Peter Gilchrist, a ...

Ally Financial said Wednesday it will enact a layoff of less than 5% of its 11,000-employee workforce, as well as exit the mortgage-origination business, as the company is burdened by borrowers ...

Ally Financial (ALLY) plans to cut hundreds of jobs companywide, bank spokesman Peter Gilchrist confirmed in a statement to The Charlotte Observer, Catherine Muccigrosso reports. The layoffs will ...

Bloomberg reported last month that the company was likely exploring the sale of its credit card unit. Ally gave the business ...