How Ally widened profits by narrowing its focus

Since Michael Rhodes became its CEO, Ally Financial has gotten bigger by thinking more narrowly. Instead of growing the company’s web of businesses, the company has exited some sectors while doubling down on what Ally does best: auto lending.

Updated: FDIC Publishes Enforcement Orders for April 2026

PRESS RELEASE | MAY 29, 2026 FDIC Publishes Enforcement Orders for April 2026 [NOTE: This previously issued notice was updated to clarify the respondents’ names associated with two enforcement matters noted below.]   WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in […]