Ally and CardWorks Reach Agreement on Sale of Ally’s Credit Card Business
Sale enables Ally to be more focused on its core businesses;acquisition enhances CardWorks' position as a leading credit card issuer and servicer 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 Ally's credit card business, including […]