Jeffrey Brown, CEO of Ally Financial, speaks in Detroit on April 14, 2016. Detroit-based Ally said Tuesday its profits fell 57 percent in the first three months of this year compared with the same period last year, when the bank’s financial results were boosted from the sale of a Chinese auto finance joint venture.
Jeffrey Brown, CEO of Ally Financial, speaks in Detroit on April 14, 2016. Detroit-based Ally said Tuesday its profits fell 57 percent in the first three months of this year compared with the same period last year, when the bank’s financial results were boosted from the sale of a Chinese auto finance joint venture. Tanya Moutzalias AP
Jeffrey Brown, CEO of Ally Financial, speaks in Detroit on April 14, 2016. Detroit-based Ally said Tuesday its profits fell 57 percent in the first three months of this year compared with the same period last year, when the bank’s financial results were boosted from the sale of a Chinese auto finance joint venture. Tanya Moutzalias AP

Ally Financial profit falls 57 percent

April 26, 2016 11:01 AM

UPDATED April 26, 2016 11:17 AM

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.