GE Capital Related Content

GE Capital Sells Japanese Office Holdings

According to multiple reports, GE Capital Japan sold 50 office properties in Tokyo and several other Japanese cities. read more

Reuters: Fed Tells GE Capital to Upgrade Resolution Plans

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

Reuters: GE Sets Deadline for Japanese Leasing Unit Bids

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

Element Past First Hurdle of GE Capital Buy

The U.S. Federal Trade Comission has granted early termination of the waiting period under the Hart-Scott-Rodino Act to Element in respect to its pending acquisition of the U.S.-based fleet operations of GE Capital. read more

Fed Details Two-Phase Plan for GE Capital Standards

The Federal Reserve revealed its plans for a two-part regulatory standard for GE Capital in the wake of the financial giant’s recent acceleration of its plan to sell off GE Capital assets in order to focus on the industrial arm of General Electric. read more

The Australian: Tudor in the Mix for GE Assets

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

GE Capital Gives Briggs Equipment UK a Lift

GE Capital has entered into a £200 million ($311 million) long term financing commitment with Briggs Equipment, an independent forklift truck distributor in the UK. read more

GE Reports Q2 Net Loss on Discontinued Operations Charges

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

WSJ: Wells Still In Tough Competition For GE Capital Assets

According to the Wall Street Journal, Wells Fargo remains interested in acquiring parts of the GE Capital portfolio, even against elevated competition from non-banks. read more

Bloomberg: GE Will Seek Bids for Japan Leasing Unit in August

Bloomberg reported that General Electric will seek initial bids for its Japanese leasing business in late August, according to sources with knowledge of the situation. read more

Motley Fool: GE Running, Not Walking, From Banking Business

In a report, The Motley Fool notes that GE is wasting no time in executing the plan announced in April to sell more than 80% of GE Capital’s assets by the end of 2016. read more

GE Capital CDF Remains Preferred Lender to American Boat Builders

GE Capital, Commercial Distribution Finance has extended its inventory financing agreement with American Boat Builders through 2018. read more

Financial Post: Element’s Prefund Strategy ‘Master Stroke” in GE Fleet Deal

The Financial Post notes in report on Element Financial’s posturing prior to its acquisition of GE Capital’s fleet operations was a “master stroke” because is gave Element a seat at the GE sell-off table. read more

GE Capital: Ag Equipment Outlook Positive After Stronger Seeding Season

According to a survey by GE Capital, dealers, manufacturers and suppliers of agricultural equipment felt better about the seeding season, which has raised expectations for the 2015 harvest. read more

GE Accelerates CLL Asset Disposals; Will Take Q2 Charge of $4.3B

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

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