Walmart

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

11/09/18

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.

[more]

Synchrony has a lot to lose in fight with Walmart

11/02/18

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.

[more]

Walmart sues Synchrony for $800 million as card split sours

11/02/18

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

[more]

Synchrony gets boost from addition of PayPal loans

10/19/18

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.

[more]

Synchrony at strategic crossroads after losing Walmart deal

07/27/18

The Stamford, Conn., issuer of store credit cards has two potential options after the retail giant chose to partner with Capital One. But the decision over which path to take is out of its hands.

[more]

Synchrony says it lost Walmart card in battle with Capital One

07/26/18

Synchrony Financial said its credit-card deal with Walmart won't be renewed and will expire next year. The largest issuer of store cards said Thursday that it's evaluating whether to sell the $10 billion in balances or retain the portfolio and convert qualifying customers to general purpose credit cards.

[more]

Walmart's pay-advance app Even used by 200,000 employees

07/19/18

About 15% of Walmart’s workforce is budgeting and taking pay advances through the app.

[more]

To keep Walmart business, Synchrony must lean into its tech game

07/17/18

With Walmart reportedly weighing bids from Capital One alongside incumbent Synchrony Financial to handle its private-label credit card account, Synchrony's use of data and artificial intelligence are more important than ever.

[more]

Walmart may shift to CapOne; banks unhappy with Brexit

07/13/18

The change in store card branding would be a big blow to Synchrony; “equivalence” with EU rules “falls far short” of U.S. banks’ hopes.

[more]

Big shift in store for Walmart's largest banking partner

07/09/18

Woodforest National in Texas has relied heavily on hundreds of in-store branches and overdraft fees to boost revenue. That is starting to change.

[more]