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Discover and Synchrony also hit by impact of new accounting rule
Second-quarter results show quickening growth in purchases
Impact from tax changes weighs on bottom line.
Providers earmark $1bn more for bad loans as clients struggle to pay off debts
A sector that has not dealt with recession or inflation in years
Concerns that too much risk is being taken on in slowing economy
Strong US jobs report helps erase post-Brexit loss for S&P 500
Vix ‘fear gauge’ jumps on fourth day of US stock declines
Synchrony Financial says it expects write-off rates to climb
The Synchrony share exchange is a creative way to divest a business
Retailer benefits from continuing momentum in the home construction market
Group open to Trian buyback idea as shift from finance causes reported earnings to drop by a third
Executives accepted that the financial arm was worth more detached from its parent
Clouds on horizon in main markets after 1,205 listings raise $258bn globally
Subprime consumer lending arm could be valued at more than $4bn
International Edition