Ally Financial flags 'intensifying' credit challenges; shares slump
10/09/2024 15:36
Sept 10 (Reuters) - Ally Financial's ALLY.N credit challenges have intensified over the quarter as borrowers struggled with high inflation and costs of living, the consumer lender's chief financial officer Russell Hutchinson said on Tuesday, sending its shares down 17%. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Janane Venkatraman) ((ArasuKannagi.Basil@thomsonreuters.com;))
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