Ally sells POS financing business to Synchrony
Bank’s noninterest expense jumped by 11% to $1.4 billion
Ally Financial today agreed to sell its point-of-sale financing business along with its loan books to Synchrony Financial for an undisclosed price. The $196 billion Detroit-based bank is looking to simplify its organization and move away from sectors where it has no scale to grow after the banking crisis of 2023, Chief Executive Jeffrey Brown […]
