TSG has been closely monitoring COVID-19 as it spreads worldwide. As the situation evolves, the health and safety of our staff, clients, and partners is the top priority. TSG ensures business continuity for its clients and partners. We want to assure you that our support for the payments industry will continue through this time of uncertainty – we are here for you. Please email us with any questions or concerns.

August 15, 2017Blog Posts

Synchrony Jumps as Berkshire Adds Stake in Bet on Retail


Synchrony Financial posted the biggest increase in the 67-company S&P 500 Financials Index after Warren Buffett’s Berkshire Hathaway Inc. took a stake in the credit-card company in a bet on the prospects of its retail clients. Berkshire built a $520 million holding in Synchrony during the second quarter, according to a regulatory filing Monday. The card company has partnerships with retailers including Amazon.com Inc., Wal-Mart Stores Inc. and JC Penney Co. Synchrony makes loans and operates a network to process the payments, making it similar to another Berkshire investment — American Express Co.


  • Share this post: