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Synchrony
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Summary
company sizeCompany size: 5000+

Synchrony is a publicly traded consumer financial services company that provides customized financing programs such as installment loans, private labeled credit cards and other financial services offerings for clients in the retail, health, auto, travel and home, and consumer banking industry sectors as well as an online bank, Synchrony Bank. Synchrony Bank offers personal banking services

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Digital Services
Commercial Banks
Services Payments FinTech
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Synchrony - Recent News & Articles

The Fed has the proof it wants that inflation is slowing, but the next move is still up in the air

A week’s worth of inflation data showed that price pressures have eased substantially since their meteoric rise in 2021-22. Fed officials head into th...

Source: CNBC
Klarna uses AI to reduce employee numbers

Finance and payments company Klarna says it has reduced hundreds of jobs and sees more reductions coming due to its implementation of AI. The Swedish ...

Ally Financial warns of 'intensifying' credit challenges, shares slump

Ally Financial's credit challenges have intensified over the current quarter as borrowers struggled with high inflation, the consumer lender's finance...

Source: Reuters
Mastercard to Cut 3% of Workforce Amid Previously Announced Reorganization

Mastercard reportedly plans to lay off 3% of its global workforce — about 1,000 people — as part of a reorganization it announced earlier this year. M...

Source: PYMNTS
One Year Since the FedNow Launch: What You Should Know

Launched in July 2023, the Federal Reserve's FedNow service has been a game-changer in the U.S. payments landscape. With over 900 financial institutio...

Source: Finextra
As Growth Sputters, Beijing Tries Again to Jolt China’s Economy

China’s central bank took new steps to shore up the country’s sputtering economy, highlighting officials’ growing anxiety about growth only days after...

Source: MSN
Futility Index

An Updated Measure of the U.S. Consumer

https://finance.yahoo.com/news/norinchukin-eyes-assets-including-clos-014942422.html

Norinchukin Bank will consider investing in a range of assets as it braces for massive losses on the sale of roughly 10 trillion yen ($63 billion) in ...

China's yuan is tumbling amid US sanctions and as central banks boost dollar holdings

China's yuan is in the midst of a steep decline as holders of the currency eye the risk of US sanctions. The value of the yuan slumped against Russia'...

Regional Banks Want to Slim Down. Hedge Funds Smell a Bargain.

Regional banks around the U.S. are striking complex and costly bargains with hedge funds, hoping to insulate themselves from a replay of the turmoil t...