GE completed the previously announced sale of its GE Capital, Healthcare Financial Services U.S. lending business, representing aggregate ending net investment of approximately $8.3 billion, to Capital One. read more
DEC 2, 2015 - 6:28 am
GE completed the previously announced sale of GE Capital, Transportation Finance in the U.S. and Canada, representing $8.9 billion of net earning assets, to BMO Financial Group. read more
DEC 2, 2015 - 6:15 am
Synchrony Financial completed its separation from General Electric, allowing the financial services company to become a standalone entity. In related news, GE completed its exchange offer for shares of Synchrony. read more
NOV 18, 2015 - 7:05 am
According to the Wall Street Journal, Sumitomo Mitsui Financial Group and Shinsei Bank are the last two bidders in the running for GE’s roughly $5 billion Japanese commercial finance unit. read more
NOV 16, 2015 - 6:36 am
GE has completed the previously announced sale of its European fleet services business, representing aggregate ending net investment (ENI) of approximately $2.8 billion, to Arval. read more
NOV 4, 2015 - 7:07 am
GECAS announced the appointment of Alec Burger as its president and CEO effective January 1, 2016. Burger will take over the executive management of the business from Norman C.T. Liu who will stay on as chairman of GECAS until late 2016 when he will retire from GE. read more
OCT 28, 2015 - 7:20 am
GE commenced an offer to exchange GE common stock for common stock of Synchrony Financial presently owned by GE. This exchange offer is in connection with the previously announced separation of Synchrony from GE. read more
OCT 19, 2015 - 7:06 am
GE noted in its recent Q3/15 earnings report that it signed $126 billion of dispositions, ahead of plan and on track for goal of closing about $100 billion by year-end. read more
OCT 16, 2015 - 7:54 am
The Wall Street Journal reported that Wells Fargo finance chief John Shrewsberry said it is unlikely that the bank will pursue any other GE-related acquisitions. read more
OCT 16, 2015 - 7:36 am
GE reached an agreement to sell GE Capital’s global Commercial Distribution Finance, North American Vendor Finance and Corporate Finance platforms to Wells Fargo. read more
OCT 14, 2015 - 7:37 am
Reuters reported that GE is in advanced talks to sell a finance portfolio worth more than $30 billion to Wells Fargo. Reuters said the deal encompasses vendor financing, commercial distribution finance and direct lending assets. read more
OCT 12, 2015 - 8:12 am
GE Capital has signed nearly $95 billion in deals to reduce its size as of the end of Q3/15. read more
OCT 5, 2015 - 7:55 am
GE announced it reached separate agreements to sell its tank car fleet assets and repair facilities to Marmon Holdings, and its remaining railcar leasing business to Wells Fargo. read more
OCT 1, 2015 - 7:14 am
Element Financial said it closed the acquisition of GE Capital’s fleet management operations in Mexico, Australia and New Zealand. Element’s fleet management business now accounts for 70% of the company’s total earning assets. read more
OCT 1, 2015 - 7:05 am
MidCap FinCo, in partnership with other Apollo managed funds, said it signed an agreement with Mubadala GE Capital to acquire all of MGEC’s loan portfolio in the U.S. and Europe with total assets of $3.6 billion. read more
OCT 1, 2015 - 6:55 am