Financial services company Ally Financial ( NYSE: ALLY) has reached an agreement to sell its credit card business to ...
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, ...
Ally Financial shares surged Wednesday after the financial firm topped earnings and revenue estimates as it cut costs, and ...
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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.
CardWorks agreed to buy the business, including a $2.3 billion credit-card loan portfolio with 1.3 million active cardholders ...
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. Shares of Ally jumped 8.6 ...
This move aligns with Ally's mission to focus on its core services, including approximately 10 million customers in banking, ...
J.P. Morgan Securities LLC and Sullivan & Cromwell LLP advised Ally on the financial and legal aspects of the deal, respectively. CardWorks was advised by Cravath, Swaine & Moore LLP. This move ...
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 ...