Motley Fool: GE Running, Not Walking, From Banking Business



In a report, The Motley Fool notes that GE is wasting no time in executing the plan announced in April to sell more than 80% of GE Capital’s assets by the end of 2016.

Evidence of the fast pace of exiting the financial services business was the recent announcement that GE would sell its fleet financing business to Element Financial for $6.9 billion, the Fool said. The next day, Sumitomo Mitsui Banking agreed to buy GE’s European buyout lending unit for $2.2 billion, the Fool notes.

Commenting on the impact this process will have on investors, the Fool said the days of massive leverage and high-finance are quickly coming to an end at GE. The company will no longer be burdened by the “systemically important” tag, nor will it be “too big to fail.”

Read the full article from The Motley Fool here.


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Terry Mulreany
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