Source: synchrony.com
Synchrony Financial’s first-quarter results indicated that consumers are pulling back on spending, particularly for larger ticket items, and have taken steps to pare down their...
The consumer financing landscape is a dynamic one, where both strategy and execution are the key guardrails of success for financial service businesses. This was...
Private-label credit cards, or store cards, make up a small percentage of overall consumer credit. The Federal Reserve estimated earlier this year that “retail credit...
In today’s uncertain environment, consumers want one thing: choice. That’s because macroeconomic uncertainty over inflation and interest rates is rocking consumer behavior and affecting big-ticket...
The shift toward digital channels in financial services shows no signs of slowing down, as evidenced by the latest earnings results from incumbent banks and...
Synchrony Financial reported its Q1 earnings Wednesday (April 24), showing broad-based growth throughout its lending and credit platforms, continued momentum in consumer spending and some...
Synchrony Financial posted fourth-quarter results that showed charge-offs increasing as management pointed to credit normalization in the months ahead, and said the firm was also...
Apple has reportedly decided to end its credit card partnership with Goldman Sachs. The tech giant has proposed an exit from the contract within the...
Bread Financial Holdings is reportedly grappling with challenges as it confronts rising credit losses and uncertainty surrounding late fees. The company’s stock price fell 3.9% as...