Ally Financial Sells Credit Card Business in Significant $2.3 Billion Transaction
5 months ago
Ally Financial, a prominent name in the automotive finance and online banking industry, has made a strategic move by divesting its credit card business, a decision that amounts to an impressive $2.3 billion loan portfolio sale. This pivotal development marks a significant shift in the company's strategy as they focus on their core automotive lending operations and strengthen their balance sheet.
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Barclays Acquires General Motors Credit Card Portfolio After Goldman Sachs Missteps
8 months ago
In a significant development in the financial services industry, Barclays has successfully acquired the credit card portfolio associated with General Motors (GM). This strategic move comes after Goldman Sachs fell short in maintaining its partnership with GM, which provoked the automaker to seek new opportunities for its credit card offerings.
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