Ally Financial Inc. filed an S-1 with the Securities and Exchange Commission today, in advance of an initial public offering expected in the second quarter.
Since gaining bank-holding-company status in December 2008, Ally has amassed $33.9 billion of deposits. At yearend 2010, it had $172 billion of total assets and $7.9 billion of total net revenue.
Here are some stats about Ally’s auto finance business, culled from the S-1:
• Ally services more than…
Added by Marcie Belles on March 31, 2011 at 1:00pm — No Comments
With an industry rebound in full swing, a number of companies are taking action to expand their finance offerings. GM Financial has started a lease program, which it hopes to offer to near-prime customers later this quarter, and ultimately to subprime customers, too. Capital One Auto Finance is exploring prime and near-prime offerings in an effort to better serve dealers looking for one-stop shopping.
A couple years ago, the industry was awash with full-spectrum providers, but the…
The Auto Finance Summit, the premier event for the lending and leasing industry, will take place this year on Oct. 26-27, at the Encore at Wynn Las Vegas.
In its 11th year, the Auto Finance Summit is where auto finance executives go to network and learn about the challenges and opportunities facing the industry.
With the market rebounding, the 2011 Auto Finance Summit is poised to be our best ever. Sessions will focus on growth and innovation amid…
Added by Marcie Belles on March 4, 2011 at 2:00pm — No Comments