GE Capital Related Content

TIAA Acquires $1.5B GE Capital Healthcare Equipment Financing Portfolio

TIAA Bank announced the acquisition of a $1.5 billion portfolio of healthcare equipment leases and loans from GE Capital’s Healthcare Equipment Finance business. read more

First Horizon Appoints GE Vet Jones EVP, Wholesale Banking

First Horizon National announced executive leadership appointments and a realignment of its consumer and wholesale banking segments to advance its long-term strategic objectives. read more

GE to Reduce Quarterly Dividend to One Cent After Disappointing Q3 Earnings

After reporting a loss of $2.63 per share from continuing operations, GE announced plans to reduce its quarterly dividend from $0.12 to $0.01 per share and reorganize its Power vertical. read more

Former GE Capital MD Joins Verdant Commercial as CCO

Verdant Commercial Capital hired Brian Lowe as its new chief commercial officer. Lowe previously served as a managing director on the business development team at GE Capital. read more

GE Capital Sells Energy Project Finance Business to Starwood

Starwood Property Trust entered into an agreement to acquire GE Capital’s Energy Financial Services’ Project Finance Debt Business and loan portfolio for $2.56 billion. read more

Former GE Capital Sales Manager Joins Fleet Advantage as SVP, Sales

Fleet Advantage named Jon Keller senior vice president of Sales. Keller has extensive knowledge and experience in fleet leasing, asset management and lifecycle cost management. read more

Fraud Perpetrator Not Responsible for Cost of GE Capital Investigation

The U.S. Supreme Court ruled petitioner Sergio Fernando Lagos, a convicted perpetrator of fraud against GE Capital, was not responsible to reimburse GE for its fraud investigation. read more

Former GE Capital Exec Begor Named Equifax CEO

Equifax announced the appointment of Mark Begor as chief executive officer. Begor, most recently managing director at Warburg Pincus, spent 35 years at GE, including nine years as leader of GE’s retail credit card business. read more

The Week: A Look Inside the Decline of General Electric

According to a report from The Week, General Electric’s market capitalization decline has its origins in the rise and fall of its GE Capital financial service businesses. read more

Baker Donelson Adds Former General Counsel of GE’s Capital Markets Group

Baker Donelson added Mark Kohler, a 20-year veteran of GE Capital, to its Financial Services Transactions Group. read more

GE CEO Flannery Announces Possible Company Breakup

The Wall Street Journal reported that GE Capital CEO John Flannery said he is considering breaking company divisions off into separately traded units. read more

Report: Macquarie Eyeing GE Capital’s Helicopter Unit

According to an article that appeared in the Australian Financial Review, the Macquarie Group is interested in GE’s helicopter leasing and finance division, Milestone Aviation Group. read more

Global Healthcare Equipment Leasing Market to Grow 7% by 2021

According to a research report from Technavio, the global healthcare equipment leasing market will grow at a CAGR of 7% from 2017 to 2021. read more

Fitch Downgrades GE to ‘A+/F1’; Outlook Negative

Fitch Ratings downgraded the long- and short-term issuer default ratings for General Electric and GE Capital Global Holdings to “A+” and ‘F1’ from ‘AA-‘and ‘F1+.’ read more

Moody’s Downgrades GE Capital Issuer Rating to A2

Moody’s Investors Service downgraded the long-term issuer rating of GE Capital Global Holdings to A2 from A1. The long-term ratings of GE Capital’s subsidiaries were also downgraded. read more

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