CardWorks agreed to buy the business, including a $2.3 billion credit-card loan portfolio with 1.3 million active cardholders as of the end of last year, Ally said. Additional terms of the deal ...

Ally Financial reported solid fourth-quarter 2024 financial results. The company announced that it has reached an agreement to sell its credit card operations. The credit card sale is in keeping ...

Ally Bank is a full-service online bank that offers ... Customers get complimentary standard checks, a debit card and bill-pay service. Account holders who use an Allpoint ATM never face any ...

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 ...

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.

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 ...

the sale of Ally's credit card business. Ally Financial was created when it was spun off of General Motors. Prior to the 2014 spinoff, it was GM's financing arm. So it shouldn't be surprising to ...

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.

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 ...