Synchrony Financial to buy Lowe's commercial credit card portfolio

2 hours ago 1

• Financials
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Synchrony Financial (NYSE:SYF) agreed to acquire Lowe's (LOW) commercial co-branded credit card portfolio, with ~$0.8B of receivables, and will become the issuer of the chain's commercial co-branded card portfolio, the bank said.

Synchrony (NYSE:SYF) expects to record a reserve

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