Reuters: Capital One in Exclusive Talks for GE Healthcare Finance Arm

According to Reuters, Capital One has its sights set on GE’s U.S. healthcare finance unit, as it has entered into exclusive talks with the industrial giant.

Any deal between the two companies would likely reach past $10 billion, Reuters said, citing people familiar with the matter.

Although Reuters’ sources maintain that negotiations are ongoing and a deal is not yet completed, this marks another step in GE’s plan to shed its GE Capital units in order to escape the tag of systematically important financial institution and the increased regulatory oversight that comes with it.

Read the full Reuters report here.

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