topicsindexquestionsbulletincontacts
conversationsreadsold poststeam

Ally Financial Sells Credit Card Business to CardWorks

January 22, 2025 - 10:40

Ally Financial Sells Credit Card Business to CardWorks

Ally Financial Inc. has officially reached a definitive agreement to sell its credit card business to CardWorks, Inc. This strategic move marks a significant transition for Ally as it aims to streamline its operations and focus on its core financial services. The deal is expected to enhance CardWorks' portfolio, allowing the company to expand its reach in the credit card market.

The transaction is anticipated to provide both companies with new opportunities for growth. For Ally, the divestiture will enable a sharper focus on its primary banking and auto finance services. Meanwhile, CardWorks is poised to leverage Ally's established credit card operations to bolster its existing offerings and enhance customer experiences.

Financial terms of the agreement have not been disclosed, but both parties expressed optimism about the potential synergies resulting from this transaction. The deal is subject to customary closing conditions and regulatory approvals, with both companies committed to ensuring a smooth transition for customers and stakeholders involved.


MORE NEWS

Tampa Secures Spot in Top 5 Cities for Business Headquarters

January 9, 2026 - 03:12

Tampa Secures Spot in Top 5 Cities for Business Headquarters

Tampa is kicking off the New Year with another impressive national ranking. Site Selection Magazine has recognized Tampa as one of the top five cities in the United States for businesses looking to...

JPMorgan Chase Set to Assume Control of Apple’s Credit Card Operations

January 8, 2026 - 00:30

JPMorgan Chase Set to Assume Control of Apple’s Credit Card Operations

JPMorgan Chase & Co. is poised to take over the credit card operations associated with Apple Inc., marking a significant shift in the partnership landscape. This transition will see JPMorgan...

Altadena Taco Catering Owner Battles to Preserve Her Dream

January 7, 2026 - 07:00

Altadena Taco Catering Owner Battles to Preserve Her Dream

Brisa Lopez, the owner of Tacos Casa, is facing an uphill battle after the devastating Eaton Fire ravaged her home and significantly impacted her catering business. The fire, which swept through...

Baton Rouge: A Rising Hub for Startups

January 6, 2026 - 23:37

Baton Rouge: A Rising Hub for Startups

The entrepreneurial spirit in Baton Rouge is gaining significant momentum, as researchers, incubators, and investors unite to create a thriving ecosystem for innovation. This collaborative...

read all news
topicsindexquestionspicksbulletin

Copyright © 2026 Indvex.com

Founded by: Caden Robinson

contactsconversationsreadsold poststeam
usagecookiesprivacy