BankingTech FinTech

Ally keeps its ‘head down’ after CardWorks deal falls through

July 17, 2020 at 07:36PM Ally Financial is reigning in its appetite for new business growth, a pivot that has prompted a mutual termination of its pending CardWorks acquisition as it retreats to focus on its existing business lines, CEO Jeffrey Brown said on the company’s second-quarter earnings call today. The Detroit, Mich.-based Ally, which has $182.5 billion in assets, […] via Bank Innovation

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