Ally Financial: Asset Sale Should Not Outweigh A Mixed Outlook
Ally Financial Inc.'s Q4 results alleviated some credit loss concerns, but has elevated delinquencies and an uncertain 2025 ...
Crain's Detroit6d
Ally Financial offloads credit card business, $2.3B loan portfolio
CardWorks agreed to buy the business, including a $2.3 billion credit-card loan portfolio with 1.3 million active cardholders ...
Financial IT6d
Ally and CardWorks Reach Agreement on Sale of Ally's Credit Card Business
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 ...
Ally Financial sells credit card business to CardWorks
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 Offloads Credit-Card Business, $2.3 Billion Loan Portfolio
Ally Financial Inc. reached a deal to offload its credit-card unit to CardWorks Inc., bowing out of a business it entered ...
Ally steers back to auto after brief credit card venture
The auto lender is selling its credit card business and halting new mortgage loans, abandoning its once-broader ambitions.
2025 Could Be an Inflection Point for This Fintech Stock
Ally Financial (NYSE: ALLY) has underperformed the market over the past year, with fears of rising defaults and demand ...
This Week In Credit Card News: Cardholders Stressed With Rising Balances And Delinquencies
A Record Number of Consumers Are Making Minimum Credit Card Payments As Delinquencies Also Rise ...
Ally Shares Soar as Expenses, Loan-Loss Provisions Decline
Ally Financial Inc. fourth-quarter earnings surged as its net interest margin beat analysts’ estimates and expenses and ...