Jeffrey Brown, CEO of Ally Financial, stands in front of the company’s logo displayed at his Charlotte office. On Thursday, the lender announced the Federal Reserve has given it approval to buy back preferred shares it sold in the financial crisis – a move that takes it one step closer to paying a dividend on its common shares for the first time.
Jeffrey Brown, CEO of Ally Financial, stands in front of the company’s logo displayed at his Charlotte office. On Thursday, the lender announced the Federal Reserve has given it approval to buy back preferred shares it sold in the financial crisis – a move that takes it one step closer to paying a dividend on its common shares for the first time. TODD SUMLIN tsumlin@charlotteobserver.com
Jeffrey Brown, CEO of Ally Financial, stands in front of the company’s logo displayed at his Charlotte office. On Thursday, the lender announced the Federal Reserve has given it approval to buy back preferred shares it sold in the financial crisis – a move that takes it one step closer to paying a dividend on its common shares for the first time. TODD SUMLIN tsumlin@charlotteobserver.com
Bank Watch

Bank Watch

News and notes on Charlotte's banks and the financial industry

Ally Financial a step closer to paying dividend on common shares

November 12, 2015 1:10 PM