Ally Financial (ALLY) to Sell Credit Card Business to CardWorks

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Go back to Ally Financial (ALLY) to Sell Credit Card Business to CardWorks

Ally and CardWorks Reach Agreement on Sale of Ally's Credit Card Business

January 22, 2025 7:28 AM EST

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, 2025 /PRNewswire/ -- 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,... More