GE sold its shares in GE Capital Interbanca in Italy to Banca IFIS. The transactions represents an ending net investment of $3.6 billion. read more
DEC 1, 2016 - 6:48 am
Reuters reported GE Capital International will offer 92.2 million shares in the Prague-listed Moneta Money Bank in order to exit its remaining stake in the lender. read more
NOV 17, 2016 - 7:16 am
GE Capital completed the spin-off of Bank BPH’s core bank to Alior Bank, representing an ENI of $3.6 billion. GE has closed $178 billion of transactions since announcing it would sell $200 billion of business by the end of 2016. read more
NOV 7, 2016 - 7:14 am
Wintrust Financial has closed its previously announced acquisition of select loans and related relationships from GE Capital Franchise Finance. read more
AUG 22, 2016 - 7:40 am
General Electric received a binding offer for the potential sale of its French prime mortgage portfolio from a newly established French FCT entity. read more
AUG 15, 2016 - 8:24 am
GE completed its agreement to sell GE Capital’s Commercial Lending and Leasing portfolios in Australia and New Zealand to Bain Capital Credit. read more
MAY 3, 2016 - 7:43 am
Canadian Western Bank signed an asset purchase agreement to acquire GE Capital's Canadian Franchise Finance business. read more
APR 8, 2016 - 7:13 am
GE has signed an agreement to sell its appliances business to Qingdao Haier for $5.4 billion. Haier will continue to use the GE Appliances brand. read more
JAN 15, 2016 - 7:48 am
According to a recent Bloomberg report, General Electric plans to eliminate 6,500 jobs in Europe in a global restructuring effort. read more
JAN 15, 2016 - 7:26 am
In its effort to divest most of GE Capital, GE signed $157 billion in transactions and closed transactions of $104 billion in ending net investment during 2015. read more
JAN 7, 2016 - 7:00 am
GE signed an agreement to sell its commercial lending and leasing business in Japan, including Capital Finance, Fleet Service and Vendor Finance, to Sumitomo Mitsui Finance and Leasing. read more
DEC 15, 2015 - 7:01 am
GE said it has completed more than $100 billion in previously announced portfolio and business unit sales as part of its strategy to significantly reduce the size of GE Capital and apply for de-designation as a SIFI. read more
DEC 10, 2015 - 7:26 am
GE signed an agreement to sell its equipment lending and leasing business in Mexico to Linzor Capital Partners for ending net investment of approximately $1.1 billion. read more
DEC 7, 2015 - 7:07 am
GE completed the previously announced sale of its UK home lending portfolio, valued at $5.9 billion to a consortium of funds managed by Blackstone, TPG Special Situations Partners and CarVal Investors. read more
DEC 7, 2015 - 6:48 am
Moody’s Investors Service assigned issuer ratings of A1 and Prime-1 to GE Capital Holdings, with a stable outlook. Moody’s will withdraw GECC’s ratings after GE completed the reorganization, with includes a merger of GECC into GE. read more
DEC 3, 2015 - 6:58 am
Terry Mulreany
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