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 ...
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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.
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 ...
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 ...
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