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Strong policies against sexual harassment appear to be a factor in shielding banks from the public shamings that have occurred in other industries, but even they know they can’t get too complacent. Some are ditching old training sessions and trying new things like coaching witnesses on how to report demeaning behavior.
February 12 -
The Detroit company recorded an 11% increase in car loans and leases originated during the fourth quarter, as well as a jump in yields. Ally appears to be benefiting from Wells Fargo's substantial retrenchment in auto lending.
January 30 -
Jenn LaClair will replace Chris Halmy, who is retiring. She most recently headed up PNC's business bank.
December 12 -
Dinesh Chopra is online bank's first-ever chief strategy officer.
November 8 -
The hurricanes destroyed hundreds of thousands of cars, and banks are significantly boosting their reserves in anticipation of higher defaults on auto loans. But there is also a silver lining for auto lenders.
October 25 -
Under Diane Morais, Ally Bank is growing deposits at a rate four times faster than the industry average.
September 25 -
The online bank will consolidate all of its Charlotte-area employees into a new office tower, but its headquarters will remain in Detroit.
September 20 -
The Detroit lender developed rotational training programs in auto finance, accounting and technology to help attract and keep promising employees, especially millennials, who had a tendency to bolt.
September 11 -
The commitments were the residue of restrictions that were placed on Ally in the wake of government bailouts in 2008 and 2009.
August 22 -
The Detroit company is capitalizing on other banks' retreat from the auto sector.
July 27