The company was founded in 1988 and is based in Draper, Utah. GE Capital Retail Bank provided retail banking and credit services to consumers in the United States and internationally.
*Note: On June 2, 2014, GE Capital Retail Bank changed its name to Synchrony Bank and is part of the GE Capital Retail Finance business.
GE Capital Bank Ltd is a financial services and banking firm. The Company provides commercial and consumer lending, ranging from leasing and factoring to savings and deposits, from acquisition finance to personal loans.
GE Money Bank was acquired by Cerberus Capital Management for $4.6B on Jun 23, 2016 .
In the case of GE Money, they have now ceased to trade and GE Money Home Lending has also stopped lending after its parent company completed a deal to sell off the rest of its loan book. ...
GE Capital was once one of the largest lenders in the country, with more than $600 billion in assets.
Capital One Chief Executive Richard Fairbank said Tuesday the bank had agreed to buy the roughly $9 billion in card balances. ... Synchrony wanted to sell the balances at a premium, according to people familiar with the matter.
Welcome to Latitude Financial Services.
In 2015, backed by Värde Partners, KKR and Deutsche Bank, we transitioned from GE into what we are today - a digital payments, instalments and lending business called Latitude. We're not a bank, and we're proud of that.
On June 2, 2014, GE Capital Retail Bank changed its name to Synchrony Bank. Synchrony Financial is the parent company of Synchrony Bank. Synchrony Financial has more than 80 years experience in the financial sector and it's one of the largest provider of private label credit cards in the United States.
GE Capital, GE's “shadow bank,” started in the 1980s, and at one point contributed significantly to GE—some years as much as half of the company's profits.
GE Capital Finance, the company behind Harvey Norman's interest free offers and until recently Coles credit cards, has been renamed Latitude Financial Services by its new private owners. ... Latitude offers personal loans, credit cards and interest free retail finance and has more than 2.5 million customers.
Today GE (NYSE:GE) completed the separation of Synchrony Financial (NYSE: SYF), the largest provider of private label credit cards in the United States[1]. Synchrony Financial has been a part of GE Capital for more than 80 years, helping consumers finance purchases from clothing to jewelry to RVs to furniture.
Yet No Comments