Loans sold, partnership renewed, lawsuit dropped: Synchrony’s win-win-win


In selling its Walmart credit card portfolio to Capital One and extending a partnership with Sam’s Club that appeared to be in peril, Synchrony Financial avoids an expensive legal battle with the world’s largest retailer.


10 to watch in 2019


CEOs on the hot seat. Banks fighting to stay independent. Comfortable players ripe for disruption from Amazon and others. It is shaping up as a riveting year.


No-frills accounts prove popular; lenders use AI to parse credit


The accounts — which eschew paper checks and overdraft protection — appeal beyond the low-income customers they were intended for; lenders are embracing artificial intelligence systems to analyze more data to determine creditworthiness.


Synchrony to issue credit cards for home shopping channel


As part of the agreement with HSN, Synchrony has also extended its partnerships with HSN affiliates QVC and the e-commerce site Zulily.


Capital One under no pressure to buy Walmart loans, CEO says


Amid negotiations with Synchrony Financial over the potential purchase of a $10 billion portfolio, Capital One's Richard Fairbank indicated Wednesday that he is willing to walk away.


Midterm fallout, Synchrony's Walmart fight, Waters' banking agenda: Top stories of the week


What the Democrats' House takeover means for banks; Synchrony has a lot to lose in fight with Walmart; should industry fear Waters-led banking panel?; and more from this week's most-read stories.


Synchrony has a lot to lose in fight with Walmart


After the retail giant filed an $800 million lawsuit against its former credit card partner, shares in Synchrony plunged. Now analysts fear its relationship with Sam’s Club may be in jeopardy.


Walmart sues Synchrony for $800 million as card split sours


The suit is tied to Walmart's decision to shift its credit card business to Capital One.


Plastic cards will be gone in five years: Synchrony CEO


Margaret Keane discussed Synchrony's investments in technology, including how the card issuer plans to use customer data to help retailers create targeted ads, during an appearance Tuesday in New York,


Synchrony gets boost from addition of PayPal loans


The Stamford, Conn.-based company reported 9% growth in net interest income and 14% growth in loan receivables during the third quarter, attributing the improvements to addition of the PayPal Credit portfolio in early July.