This April 10, 2014, file photo shows Ally Financial ringing the New York Stock Exchange opening bell to mark the company’s initial public offering. On Monday, Ally announced it will appoint a new independent director in consultation with an activist hedge fund that had been pushing for changes to Ally’s board. Ally is based in Detroit, but its CEO sits in Charlotte.
This April 10, 2014, file photo shows Ally Financial ringing the New York Stock Exchange opening bell to mark the company’s initial public offering. On Monday, Ally announced it will appoint a new independent director in consultation with an activist hedge fund that had been pushing for changes to Ally’s board. Ally is based in Detroit, but its CEO sits in Charlotte. Richard Drew AP
This April 10, 2014, file photo shows Ally Financial ringing the New York Stock Exchange opening bell to mark the company’s initial public offering. On Monday, Ally announced it will appoint a new independent director in consultation with an activist hedge fund that had been pushing for changes to Ally’s board. Ally is based in Detroit, but its CEO sits in Charlotte. Richard Drew AP

Ally to appoint new director following dispute with hedge fund

March 21, 2016 07:34 PM

UPDATED March 22, 2016 06:33 PM

More Videos

  • Wells Fargo CEO: We should have done more sooner

    Wells Fargo CEO John Stumpf faced another round of questioning Thursday by the House Financial Services Committee over his bank's creation of fake accounts. "I am fully accountable for all unethical sales practices in our retail banking business," Stumpf said.