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GE Capital was the financial services division of General Electric. [1] Its various units were sold between 2013 and 2021, including the notable spin-off of the North American consumer finance division as Synchrony Financial.
When it comes to refrigerators, General Electric is a household name. When it comes to banking, however, the industrial giant's not so interested in the everyday consumer. To that end, the company ...
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.
Shortly before the settlement was announced, GE Capital renamed itself as Synchrony Bank; the spin-off took two years. Welch also often received criticism for a lack of compassion for the middle class and working class.
A spinoff of the lending arm of the shuttered GE Capital Retail Bank, Synchrony already offers a credit card for Walgreens and Walmart sister company Sam’s Club, and specializes in retail credit ...
General Electric is planning on spinning off its North American consumer lending segment of GE Capital in the form of an IPO. In this segment of The Motley Fool's financials-focused show, Where ...
Synchrony Financial is a consumer financial services company headquartered in Stamford, Connecticut, United States.[2] Prior to its 2014 initial public offering, Synchrony operated as GE Capital Retail Finance Corporation and was a business segment of GE Capitaldivision of General Electric.[5] The company offers consumer financing products ...
CHICAGO (Reuters) -General Electric on Tuesday completed its breakup into three companies, marking the end of the 132-year-old conglomerate that was once the most valuable U.S. corporation and a ...