GE’s Decision to Sell Most of GE Capital ‘End of an Era’
APR 13, 2015 - 7:52 am
The New York Times said in a report on General Electric’s announcement that it will sell off most of GE Capital that “it’s the end of an era,”, according to a professor of finance and asset management at Columbia Business School.
The Times notes that GE said when it announced the decision, “The business model for large, wholesale-funded financial companies has changed, making it increasingly difficult to generate acceptable returns going forward.”
With GE’s decision to throw in the towel on financial services, others on Wall Street are suggesting that regulator have gone too far, the Times said. GE Capital’s operations may survive and even prosper in the hands of new owners, but few have GE’s Resources to provide loans in the event of another crisis, the Times notes.
To view the full The New York Times report, click here.
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!
The workplace of today is vastly different than it was even a couple years ago, but there are still many obstacles that impede employees, particularly women, from thriving in their jobs, ultimately disrupting success in other areas of life. Michelle... read more
The Equipment Leasing and Finance Association has been making major moves to address the subject of diversity, equity and inclusion (DE&I) within the equipment finance industry. Recently, the ELFA hosted its first annual Equity Forum, a two-day conference in Washington,... read more