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.

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