WSJ: GE in Talks to Sell U.S. CLL Business to Wells Fargo
APR 21, 2015 - 6:58 am
The Wall Street Journal reported, citing people familiar with the matter, General Electric is in talks to sell all or parts of its U.S. Commercial Lending and Leasing unit, with $74 billion in assets, to Wells Fargo and others.
According GE’s supplemental information data from its presentation on Q1/15 performance, GE Capital reported its Commercial Lending and Leasing segment assets at Q1/15 to be $156.3 billion. GE Capital’s total assets at Q1/15 were shown to be $476.5 billion, including assets of discontinued operations, down from $511.8 billion at the end of Q1/14.
To view the full Wall Street Journal report, click here.
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