Synchrony to acquire Ally’s point of sale financing business in strategic expansion
In a significant move within the financial services industry, Synchrony (NYSE: SYF) has announced the acquisition of Ally Financial Inc.’s (NYSE: ALLY) point of sale financing business, including a substantial $2.2 billion loan receivables portfolio. This acquisition marks a notable expansion for Synchrony, integrating nearly 2,500 merchant locations and supporting over 450,000 active borrowers in […]
