Ally Financial to acquire CardWorks for $2.7bn.

Ally Financial, a bank holding company organized in Delaware and headquartered in Detroit, agreed to acquire CardWorks, a consumer finance lender and servicer, for $2.7bn. "CardWorks represents an industry-leading credit card platform in the US, and this acquisition serves as an important milestone in Ally's evolution to be a full-service financial provider for our customers," Jeffrey J. Brown, Ally CEO.