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 ...

A Record Number of Consumers Are Making Minimum Credit Card Payments As Delinquencies Also Rise ...

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

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 ...

He said the path toward higher profitability is through the "power of focus." Ally has agreed to sell the credit card business to the fintech firm Cardworks, which also owns the $3 billion-asset ...

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

(Reuters) -Consumer lender Ally Financial 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% in premarket ...

Ally Financial (NYSE:ALLY) stock jumped 8.6% in Wednesday premarket trading after the lender posted stronger-than-expected Q4 results and announced an agreement to sell its card business to CardWorks ...