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Synchrony Financial is an American consumer financial services company with its headquarters in Stamford, Connecticut, United States. The company offers consumer financing products, including credit, promotional financing and loyalty programs, installment lending to industries, and FDIC-insured consumer savings products, through Synchrony Bank, its wholly owned online bank subsidiary.
On July 31, 2014, Synchrony Financial raised $2.9 billion in its IPO when GE sold 125 million shares (15%) of the company. On April 10, 2015, it was announced that GE would sell most of GE Capital's commercial and consumer businesses within two years, focusing instead on its leasing businesses connected with GE's manufacturing businesses.
Synchrony is a bit of a mixed bag when it comes to convenience. Your savings account comes with online banking, a useful mobile app, and all the other modern bells and whistles you’d expect.
A business line of credit (LOC) can provide financing for larger business expenses but could be more difficult to qualify for than a business credit card. An LOC offers financing for a defined ...
Synchronization is the coordination of events to operate a system in unison. For example, the conductor of an orchestra keeps the orchestra synchronized or in time. Systems that operate with all parts in synchrony are said to be synchronous or in sync —and those that are not are asynchronous . Today, time synchronization can occur between ...
Can a business use buy now, pay later? Some businesses offer buy now, pay later plans for B2B sales. This allows a business to buy goods and services without having to pay off the entire balance ...
Margaret Keane (born 1959) was the chief executive officer of Synchrony from February 2014 through April 2021. She transitioned to the role of executive chair of Synchrony’s board of directors. Brian Doubles, formerly Synchrony’s president, became chief executive officer. [1] When Synchrony was spun off from General Electric as an ...
Bankrate’s picks for the top business savings accounts. Live Oak Bank Business Savings: Best for earning a competitive APY. Axos Bank Business Premium Savings: Best for 24/7 customer service ...
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