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 ...

Detroit-based Ally Financial Inc. reached a deal to offload its credit card unit to CardWorks Inc., bowing out of a business it entered just more than three years ago. CardWorks agreed to buy the ...

CEO Michael Rhodes said Ally "took significant action" in the quarter to improve its finances. The all-digital bank and auto loan provider also sold its credit card business to CardWorks.

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 ...

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

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 ...

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 ...

Merrick Bank, to acquire Ally's credit card business, including a portfolio of $2.3 billion in credit card receivables with 1.3 million active cardholders as of Dec. 31, 2024. "Ally's decision to ...

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 ...

along with Merrick Bank's focus on non-prime and near-prime consumers, positions the acquisition to bolster its presence in the credit card market. Notable among Ally's achievements is its 10-year ...