Alvaro G. de Molina had a front-row seat for the financial crisis as the chief executive of GMAC Inc. from March 2008 to last November. The longtime Bank of America Corp. executive — he rose to chief financial officer there — oversaw GMAC's launch of Ally Bank, which drew the ire of traditional banks and ran afoul of the Federal Deposit Insurance Corp. for aggressive deposit pricing.

In an interview, while he refused to discuss his sudden resignation from the auto and mortgage lender, de Molina offered his perspective on regulatory issues, the future of banking and how he thinks private-equity groups stack up to traditional banks.

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