NYT: Investment Bankers Will Feel the Pain of GE Capital Spinoff

The New York Times reported that Wall Street will probably have to bid farewell to its fee darling, General Electric.

The Times noted that GE has been the best corporate client for investment bankers over the last 15 years, spending some $5.1 billion for advice and assistance.

The Times said the finance unit announced it was paring its commercial paper issuance to just $5 billion this year and that it would not need to raise any long-term debt for the next five years.

To view the full New York Times report, click here.

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.