Ally Financial is exiting the credit card business to focus on core operations like car loans, aiming to recover from recent struggles. With a low price/book ratio, Ally's Forward P/E of 10.46 ...

Sale enables Ally to be more focused on its core businesses; acquisition enhances CardWorks' position as a leading credit card issuer and servicer "Ally's decision to sell its credit card business is ...

Ally Financial Inc. is exploring a sale of its credit card arm, according to people familiar with the matter, after getting back into that business through an acquisition three years ago. The ...

Ally Financial (NYSE: ALLY) is a bank. But it isn't your typical bank by any stretch of the imagination, given that it is highly focused on the auto lending space. That focus is increasingly in focus ...

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 ...

Detroit-based automotive lender and online bank Ally Financial Inc. is laying off 2% of its workforce of 10,000, the company ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Ally Financial has entered into ...

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 ...