Ally Financial and CardWorks have agreed to terminate Ally's $2.7 billion deal to buy the lender. The companies said in a press release Wednesday that they considered “the meaningful impacts of ...
Companies blame COVID-19 turmoil and say no breakup fees to be charged as a result of ‘mutual decision’ to end agreement Ally Financial (ALLY) said Wednesday it is terminating its planned $2.65 ...
WOODBURY, N.Y., April 1, 2025 /PRNewswire/ -- CardWorks, Inc. closed the acquisition of Ally Financial's credit card portfolio and platform today, including a team of talented individuals and 1.3 ...
Ally Financial (NYSE:ALLY) slumps 9.0% in premarket trading as investors digest the firm's agreement to buy CardWorks in a transaction valued at ~$2.65B that will give Ally an established credit card ...
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Ally Financial Stock Surges as Company Beats Profit Estimates, Sells Credit Card Business
Ally Financial posted fourth-quarter earnings and revenue that topped estimates as it reduced expenses. CEO Michael Rhodes said Ally "took significant action" in the quarter to improve its finances.
Financial services company Ally Financial (NYSE:ALLY) has reached an agreement to sell its credit card business to CardWorks. The transaction is expected to close in 2025, subject to the completion of ...
Parthenon Capital has made an investment in CardWorks, a consumer finance and payments company. No financial terms were disclosed. Kirkland & Ellis advised Parthenon on the deal while Wachtell, Lipton ...
AUSTIN, Texas--(BUSINESS WIRE)--Parthenon Capital is pleased to announce that it has made an additional investment in CardWorks, Inc., the parent company of CardWorks Servicing, Merrick Bank and ...
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