According to the New York Times, there are only three remaining contenders for the final round of the auction for GE Capital’s Australian commercial lending and leasing businesses. read more
SEP 2, 2015 - 7:39 am
Element Financial closed the U.S.-based portion of the previously announced acquisition of the remaining North American fleet management operations of GE Capital. read more
SEP 1, 2015 - 7:17 am
Bloomberg, citing sources close to the matter, reported that Wells Fargo has become the front-runner to purchase GE’s railcar financing unit. read more
AUG 28, 2015 - 7:44 am
According to The Australian, China’s HNA Group and a consortium comprising Deutsche and Sankaty Advisors made it through to the second round of the process to buy GE Capital’s Australian assets. read more
AUG 28, 2015 - 7:29 am
GE said it completed the sale of its U.S. Sponsor Finance business and a bank loan portfolio, representing an aggregate ENI of $10 billion to the CPPIB. GE said the transaction was valued at more than $11 billion. read more
AUG 24, 2015 - 7:03 am
According to Bloomberg, GE is having exploratory talks about relocating its headquarters to Atlanta from Connecticut. read more
AUG 20, 2015 - 7:28 am
According to The Australian, TPG Capital is expected to bow out of the race for the $2 billion in remaining Australian assets of GE Capital. read more
AUG 19, 2015 - 7:24 am
Moody's Investor Services upgraded GE Capital’s $830 million subordinated notes due September 2035 to A1 from A2, a direct result of the early success of GE’s downgrade plans for its financial arm. read more
AUG 18, 2015 - 7:17 am
GE announced an agreement to sell GE Capital Bank’s U.S. online deposit platform along with all deposits of GE Capital Bank, including online savings accounts, online CDs and brokered CDs, to Goldman Sachs Bank USA. read more
AUG 14, 2015 - 7:16 am
Hilco Valuation Services announced the appointment of Karin Gorynski as senior vice president, Business Development. Gorynski joins Hilco from GE Capital where she was lastly SVP of Equipment Sales. read more
AUG 11, 2015 - 7:14 am
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. read more
AUG 7, 2015 - 7:45 am
Reuters reported that a federal judge dismissed a lawsuit brought by Ritchie Capital Management against GE Capital alleging of aid in a Ponzi scheme. read more
AUG 7, 2015 - 7:23 am
GE Capital’s Franchise Finance business said it loaned $11 million to Vitaligent for the acquisition of 77 Jamba Juice units, making it the largest franchise in the system. read more
AUG 6, 2015 - 6:55 am
GE Capital’s Franchise Finance business said it has provided a $30.7 million loan to Serazen to refinance debt and to acquire and re-image 50 Hardde’s units in NC and SC. read more
AUG 4, 2015 - 7:01 am
In the most recent meeting of the Financial Stability Oversight Council, GE Capital’s status as a “systemically important financial institution” was not rescinded. read more
AUG 3, 2015 - 7:09 am
Terry Mulreany
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