Ally Financial Inc. (NYSE: ALLY) and CardWorks, Inc. today announced that they have entered into a definitive agreement for ...

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

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.

Financial services company Ally Financial ( NYSE: ALLY) has reached an agreement to sell its credit card business to ...

Sale enables Ally to be more focused on its core businesses; acquisition enhances CardWorks' position as a leading credit card issuer and servicer CHARLOTTE, N.C. and WOODBURY, N.Y., Jan. 22 ...

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

Sale enables Ally to be more focused on its core businesses; acquisition enhances CardWorks' position as a leading credit card issuer and servicer "Ally's decision to sell its credit card ...

Ally Financial shares surged Wednesday after the financial firm topped earnings and revenue estimates as it cut costs, and ...

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 ...

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.