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

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

Key Takeaways Ally Financial posted fourth-quarter earnings and revenue that topped estimates as it reduced expenses.CEO ...

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

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

Ally Financial ( ALLY 1.11%) has underperformed the market over the past year, with fears of rising defaults and demand ...

Ally also offers a full range of financial products, including credit cards, personal loans, investments, auto financing, mortgages, and life insurance through its partnership with Ladder.

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

Ally Financial Inc. reached a deal to offload its credit-card unit to CardWorks Inc., bowing out of a business it entered ...

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 ...