Ally 1Q Profits Decline; CEO Forging New Path

Ally Financial Inc., the lender rescued by the U.S. government during the 2008 financial crisis, said profit fell 79% in its first report as a publicly traded company. Bloomberg reported that net income for the three months ended March 31 slid to $227 million, or 33 cents a share, from $1.1 billion, or $2.16, a year […]