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.

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

The auto lender is selling its credit card business and halting new mortgage loans, abandoning its once-broader ambitions.

Ally Financial (ALLY) stock jumped 8.6%in Wednesday premarket trading after the lender posted stronger-than-expected Q4 ...

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

Auto lender Ally Financial said Wednesday that it's officially ending its foray into credit cards under a broader ...

Ally Financial has agreed to sell its credit-card business to a subsidiary of credit-card servicer CardWorks for an undisclosed amount.

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

Ally Financial Inc. 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's credit ...

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

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 ...