According to Reuters, the Federal Reserve and the FDIC told GE Capital, along with two insurance companies, that they need to upgrade their resolution plans and provide more information on funding and liquidity. read more
JUL 29, 2015 - 6:47 am
According to a report from Reuters, General Electric has set a Sept. 4 deadline for the initial round of bids for its Japanese leasing arm. read more
JUL 28, 2015 - 7:18 am
According to a report from The Australian, Tudor Investment Corp. has emerged as a bidder for GE Capital’s commercial finance loans in Australia, with a potential value of $5 billion. read more
JUL 21, 2015 - 7:38 am
The head of GE Capital’s Commercial Distribution Finance business, Steve Battreall, comments on the rationale for why GE is selling its CDF business and what it will mean to its many customers. read more
JUL 20, 2015 - 7:10 am
General Electric reported a Q2/15 net loss of $1.36 billion as it booked a $3.75 billion loss from discontinued GE Capital operations. For the six month period ended 6/30, GE notes GE Capital segment loss of $8.3 billion. read more
JUL 17, 2015 - 8:00 am
GE said it classified additional businesses with its CLL unit as held for sale that reflects an acceleration of timing versus its earlier Exit Plan. As a consequence, GE said it expects to recognize $4.3 billion of after-tax charges in Q2/15. read more
JUL 8, 2015 - 6:24 am
Reuters reported that in an interview, GE Capital CEO Keith Sherin said he expects the pace of GE Capital asset sales will accelerate in the third quarter. read more
JUL 1, 2015 - 7:00 am
In concert with its continued plan to sell off GE Capital assets, GE has agreed to an offer of $2.2 billion for acquisition of its European sponsor finance business by Sumitomo Mitsu. read more
JUL 1, 2015 - 6:42 am
GE said it reached an agreement to sell its U.S., Mexico, Australia and New Zealand Fleet business to Element Financial for $6.9 billion. GE also signed an MOU for the potential sale of its European fleet business to Arval. read more
JUN 29, 2015 - 7:28 am
The Wall Street Journal reported that Sumitomo Mitsui Financial Group is interested in GE’s U.S. railcar leasing business, which could be worth $4 billion. read more
JUN 23, 2015 - 7:30 am
GE Capital released key findings of its Q2/15 Fleet Market Economic Outlook Survey. read more
JUN 17, 2015 - 7:45 am
The New York Times reported that GE Capital is struggling to stimulate interest in its Australian commercial lending and leasing businesses. read more
JUN 16, 2015 - 7:00 am
Bloomberg reported Wells Fargo and TD Bank are exploring offers for a batch of U.S. commercial-lending businesses General Electric Co. is selling as it whittles down its finance arm. read more
JUN 12, 2015 - 7:42 am
GE announced it reached an agreement to sell its U.S. Sponsor Finance business and a $3 billion bank loan portfolio to Canada Pension Plan Investment Board in a transaction valued at approximately $12 billion. read more
JUN 10, 2015 - 7:31 am
GE reportedly is using its own metric to value its finance arm’s assets. read more
JUN 9, 2015 - 7:35 am
Terry Mulreany
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