Ally reached an agreement to sell its credit card business to CardWorks, incurring a $118 million partial goodwill impairment excluded from adjusted metrics. The purpose of the divestiture is to ...

Ally Financial has entered into an agreement to sell its credit card division. Ally Financial Inc. (NYSE: ALLY) has entered into an agreement to sell its credit card division to CardWorks Inc ...

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

Consumer lender Ally Financial (ALLY.N), opens new tab has agreed to sell its credit card business to credit and payments firm CardWorks, the companies said on Wednesday. Shares of Ally jumped 8.6 ...

Ally Financial Inc. 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's credit ...

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 ...

We recently compiled a list of the 10 Best American Bank Stocks To Buy Now. In this article, we are going to take a look at ...

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

J.P. Morgan Securities LLC and Sullivan & Cromwell LLP advised Ally on the financial and legal aspects of the deal, respectively. CardWorks was advised by Cravath, Swaine & Moore LLP. This move ...

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

Financial services company Ally Financial ( NYSE: ALLY) has reached an agreement to sell its credit card business to CardWorks. The transaction is expected to close in 2025, subject to the completion ...