(Reuters) -Consumer lender Ally Financial has agreed to sell its credit card business to credit and payments firm CardWorks, ...

The auto lender is selling its credit card business and halting new mortgage loans, abandoning its once-broader ambitions.

Key Takeaways Ally Financial posted fourth-quarter earnings and revenue that topped estimates as it reduced expenses.CEO ...

Ally Financial Inc. reached a deal to offload its credit-card unit to CardWorks Inc., bowing out of a business it entered ...

Auto lender Ally Financial said Wednesday that it's officially ending its foray into credit cards under a broader ...

Ally Financial (ALLY) stock jumped 8.6%in Wednesday premarket trading after the lender posted stronger-than-expected Q4 ...

Ally Financial (ALLY) and CardWorks announced they have entered into a definitive agreement for CardWorks, and its wholly-owned bank ...

Ally Financial Inc. (NYSE: ALLY) and CardWorks, Inc. today announced that they have entered into a definitive agreement for ...

Shares of Ally Financial advanced after fourth-quarter results beat analyst projections and the company inked a deal to sell its credit-card business. The stock was up 5% at $40.08 in early trading.

Plans for the sale were hinted at earlier this year, a month after the CEO said the business wasn’t within Ally’s core focus.