Morning Scan: Synchrony Rattles Markets; Flash Boys Redux

Receiving Wide Coverage…

Credit-quality alert: How are the consumer credit markets doing? To quote the Magic 8-Ball: "outlook not so good."

Synchrony Financial, the largest U.S. issuer of private-label credit cards, said Tuesday that its chargeoff rate is likely to rise by 20 to 30 basis points over the next year, as some borrowers struggle to get on top of overdue payments. Wall Street Journal, Financial Times ...