This move aligns with Ally's mission to focus on its core services, including approximately 10 million customers in banking, ...

(Reuters) -Consumer lender Ally Financial has agreed to sell its credit card business to credit and payments firm CardWorks, ...

Ally Financial Inc. (NYSE: ALLY) is a digital financial services company specializing in automobile loans. They were ...

CardWorks agreed to buy the business, including a $2.3 billion credit-card loan portfolio with 1.3 million active cardholders ...

The auto lender is selling its credit card business and halting new mortgage loans, abandoning its once-broader ambitions.

Sale enables Ally to be more focused on its core businesses; acquisition enhances CardWorks' position as a leading credit ...

Ally Financial Inc.'s Q4 results alleviated some credit loss concerns, but has elevated delinquencies and an uncertain 2025 ...

Ally Financial’s fourth-quarter auto originations climbed year over year as the bank prioritized its auto lending business.

Plans for the sale were hinted at earlier this year, a month after the CEO said the business wasn’t within Ally’s core focus.

Ally Financial Inc. (NYSE: ALLY) and CardWorks, Inc. today announced that they have entered into a definitive agreement for CardWorks, and its wholly-owned bank subsidiary, Merrick Bank, to acquire ...

Ally Financial Inc. reached a deal to offload its credit-card unit to CardWorks Inc., bowing out of a business it entered ...