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Ally Financial: A Share Cannibal With a Growing Deposit Base (Ticker: ALLY) with Jacob Franklin

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Ally Financial and the Advantages of Online Banking

This chapter discusses the benefits and drawbacks of banking with Ally Financial, an online bank. It explores how Ally caters to digitally native individuals but may not be suitable for older people or those who prefer physical banks. The chapter also highlights the growth potential for online banks among younger generations and examines the impact of interest rates on Ally's deposit base and net interest margin.

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