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.

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

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

Ally Financial (ALLY) and CardWorks announced they have entered into a definitive agreement for CardWorks, and its wholly-owned bank ...

Key Takeaways Ally Financial posted fourth-quarter earnings and revenue that topped estimates as it reduced expenses.CEO ...

acquisition enhances CardWorks' position as a leading credit card issuer and servicer "Ally's decision to sell its credit card business is part of our broader strategy to pursue a more focused ...

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

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

Ally Financial has agreed to sell its credit-card business to a subsidiary of credit-card servicer CardWorks for an undisclosed amount. The holding company for Ally Bank said Wednesday that ...

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 ...

Jan 22 (Reuters) - 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.

Ally Financial will sell its credit card business to CardWorks and its bank subsidiary, Merrick Bank, for an undisclosed sum, the lenders announced Wednesday. Ally said this month that it was ...