GE Capital Related Content

Reuters: General Electric Considers Sale of GECAS Leasing Unit

Reuters reported General Electric is considering the future of GE Capital Aviation Services, including the divestiture of the business. read more

Alta Group Adds Former GE Capital Director

Valerie Pagliaro was appointed director of The Alta Group consultancy. She most recently served as finance director for strategic pricing at GE Capital Americas. read more

Former GE Capital Exec Joins Wells Fargo to Launch Hotel Franchise Unit

Wells Fargo formed a Hotel Franchise Finance division and has hired Scott Andrews to lead the unit. Andrews previously ran the middle market Hotel Franchise Finance division at GE Capital. read more

GE Sells Remaining Equity Stake in Penske Truck Leasing

GE sold its remaining 15.5% equity stake in Penske Truck Leasing to Penske Automotive Group and MBK USA Commercial Vehicles. Total proceeds are approximately $674 million. read more

How Immelt Remade GE

Jeffrey Immelt, former CEO of GE, published an article in the Harvard Business Review outlining his strategy for remaking a “historic and iconic company during an extremely volatile time.” read more

GE Reports Q2/17 Earnings from GE Capital Verticals Up 6.7%

GE reported GE Capital Q2/17 segment earnings from GE Capital Aviation Services, Energy Financial Services and Industrial Finance was $605 million, up 6.7% from $567 million a year earlier. read more

GE Sells Building in Montana as Part of GE Capital Restructuring

According to a local news report, GE has completed the sale of a building in Billings for $8 million that was previously occupied by GE Capital which opened in 2010 to “great fanfare.” read more

Former GE Capital Exec Joins Caesars Entertainment as SVP

Caesars Entertainment announced the appointment of two senior executives to help lead the company’s growth and value creation strategy. Michael Daily, former GE Capital executive, joins as SVP, Strategy and M&A. read more

NJ Court Vacates $1.4MM in Attorney Fees in Equipment Lease Dispute

Law360 reported that a New Jersey appeals court ruled to throw out a fee award of more than $1.4 million in attorney’s fees to the counsel of Tangible Secured Funding in an equipment lease dispute. read more

Former GE Capital Lawyer Silva Joins DLA Piper as Partner

DLA Piper announced Michael Silva has joined the firm’s Government Affairs practice in New York. Previously with GE Capital, Silva led a global staff of 700 in overseeing compliance and regulatory activities. read more

Remember the Name: MB Equipment Finance Boosted by GE Capital Hires

MB Equipment Finance was one of the winners of the GE Capital divestiture sweepstakes, as it added eight team members from the former financial service giant last spring. President Dave Drury details the recruitment process, how the new additions have helped lift MB to new heights and the exciting prospects 2017 has to offer.... read more

Capital One Promotes Crosby to Head of Commercial Underwriting

According to the Commercial Property Executive (CPE), John Crosby was named Capital One's new head of commercial underwriting and portfolio management. read more

InterNex Capital Raises $3.85MM in Oversubscribed Offering

Digital asset-based lender InterNex Capital raised $3.85 million from family offices and private investors in an oversubscribed seed offering. InterNex was founded by former GE Capital senior executives. read more

GE Capital Provides $20MM in Equipment Financing to GE Additive Customers

Since its Q1/17 launch of its Additive and Capital business collaboration, GE has been awarded and approved financing for five customers in four industries, including aerospace and automotive. read more

GE Reports Q1 Earnings from GE Capital Verticals Up 8%

In a presentation, GE reported GE Capital Q1/17 earnings were $535 million, up 7.9% from $496 million in the same quarter in 2016. GE Capital Aviation services accounted for over 71% of total earnings. read more

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