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Synchrony Financial is an American consumer financial services company with its headquarters in Stamford, Connecticut, United States. [2] 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.
In 1998, Generac sold its portable products division to the Beacon group, a private equity firm, who later sold it to Briggs & Stratton Corporation. Upon expiration of a non-compete agreement related to the sale in 2007, Generac re-entered the portable generator market in 2008. [7] In late 2006, Generac was purchased by CCMP Capital of New York ...
However, a few years ago, Synchrony Bank was moved over to Synchrony Financial, a financial services company. It separated from GE in 2015. That means it's now a separate financial institution.
On March 13, 2014, GE Capital announced that it would spin its North American consumer finance division off under the new name Synchrony Financial through an initial public offering (IPO). [84] On July 31, 2014, Synchrony Financial raised $2.9 billion in its IPO when GE sold 125 million shares (15%) of the company. [85]
In the case of distributed generation (where the generator is located on a building site and energy is sold to the building occupant), commercial PPAs have evolved as a variant that enables businesses, schools, and governments to purchase electricity directly from the generator rather than from the utility. This approach facilitates the ...
Synchrony Financial (NYSE:SYF) reported third-quarter net interest income of $4.609 billion, beating the consensus of $4.491 billion. Net interest income increased 5.7% YoY, driven by higher ...