Ally Bank Used to Be a Leading Financial Services Provider

Ally Bank was a pioneer in online banking, launching its first online banking platform in 2003. This innovative approach allowed customers to manage their accounts and conduct transactions from the comfort of their own homes.

In its early days, Ally Bank was known for its high-yield savings accounts, which offered customers a more attractive interest rate than traditional brick-and-mortar banks. This was a game-changer for customers looking to grow their savings.

One of Ally Bank's most notable features was its mobile banking app, which was introduced in 2010. This app allowed customers to check their balances, transfer funds, and pay bills on the go.

As a result of its innovative approach, Ally Bank quickly gained popularity and became a leading financial services provider.

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Ally Bank has a long and complicated family history that dates back to 1919 when it was founded as General Motors Acceptance Corp., or GMAC.

GMAC formed several other companies between the 1980s and 2005, including GMAC Mortgage, GMAC Real Estate, GMAC Bank, and GMAC ResCap.

GMAC ResCap was bailed out by the Treasury Dept. during the subprime mortgage crisis and eventually liquidated.

Ally Bank rebranded from GMAC Bank in 2009, and its parent company GMAC rebranded as Ally Financial a year later.

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Ally Invest has a long and complex family history that dates back to 1919 with the founding of General Motors Acceptance Corp., or GMAC.

GMAC formed several companies between the 1980s and 2005, including GMAC Mortgage, GMAC Real Estate, GMAC Bank, and GMAC ResCap.

GMAC ResCap, a residential mortgage loan originator, spiraled into financial disarray during the subprime mortgage crisis and was eventually bailed out by the Treasury Department.

GMAC Bank rebranded as Ally Bank in 2009, and a year later its parent GMAC rebranded as Ally Financial.

Ally Financial went public in 2014 and in 2016, it purchased TradeKing, a wealth manager with an online broker/dealer and roboadvisor service.

Ally Invest was launched in 2017 and offers investors a low-cost way to invest with $0 commissions on U.S.-listed stocks, ETFs, and options.

The app used for trading is part of the larger Ally Bank app.

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Working at Ally Financial can be a great opportunity for those interested in the financial sector. Ally Financial jobs are available in a variety of fields, including banking and finance.

The company has a long history, and new hires may be curious about how it got started. Ally Financial communicates its history to new hires, which can be a valuable learning experience.

Ally Financial's history is a key part of its identity, and it's likely that new hires will be interested in learning more about it.

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Ally Financial has a rich history, and it's great that they communicate it to new hires. They've clearly made an effort to share their story with their employees.

Ally Financial jobs are available in various fields, including banking and finance. They're a large company with a wide range of opportunities.

New hires at Ally Financial get to learn about the company's history, which is a great way to get a sense of the company culture. This can help them feel more connected to the company and its values.

Ally Financial has a strong focus on financial education and literacy, which is reflected in their job opportunities and company culture. They're committed to helping their customers and employees achieve financial stability.

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