GE Capital Related Content

GE Deemed No Longer ‘Too Big to Fail’

The Financial Stability Oversight Council has voted to rescind its determination that material financial distress at GE Capital could pose a threat to U.S. financial stability. read more

First Tennessee Buys $637MM in Restaurant Franchise Loans from GE Capital

First Tennessee Bank will acquire the Southeast and Southwest regional loan portfolios from GE Capital’s restaurant franchise finance business, which includes loans outstanding of approximately $637 million. read more

PRA Group Names Former GE Capital Exec Graham as EVP/CFO

Pete Graham will join the PRA Group as executive vice president and chief financial officer. Graham was previously with GE Capital, lastly as a finance executive on GE’s asset disposition team. read more

WSJ: Cerberus to Buy GE Capital French Consumer-Credit Unit

The Wall Street Journal reported that private equity group Cerberus Capital Management submitted a binding offer for GE Money Bank, GE’s French consumer-credit unit. read more

GE Completes Sale of Lending/Leasing Assets in AU & NZ to Bain Capital

GE completed its agreement to sell GE Capital’s Commercial Lending and Leasing portfolios in Australia and New Zealand to Bain Capital Credit. read more

Embracing Change & Creating Opportunity: Kelly Takes the Reins of Wells Fargo Vendor Financial Services

Wells Fargo recently named GE Capital veteran Jim Kelly group head of Vendor Financial Services. In a Q&A with Monitor, Kelly discusses the process of integrating the vendor businesses of GE and Wells Fargo, his father’s contagious optimism and his hope for attracting bright and diverse talent to the equipment finance industry.... read more

CWB Acquires GE Capital’s Canadian Franchise Finance Business

Canadian Western Bank signed an asset purchase agreement to acquire GE Capital's Canadian Franchise Finance business. read more

GE Closes $42B in Transactions in Q1/16

GE completed the sale of its commercial leasing business in Japan and its Mexican equipment leasing business, representing $6.2 billion of the $42 billion in transactions the industrial giant has closed in Q1/16. read more

GE Capital Files Request to Drop SIFI Status

GE filed a request to the Financial Stability Oversight Council for rescission of its designation as a nonbank systemically important financial institution. read more

GE Sells U.S. Hotel Franchise Finance Business to Western Alliance

GE reached an agreement to sell GE Capital’s Franchise Finance U.S. hotel business to Western Alliance Bank. GE also agreed to sell its Canadian Franchise Finance business to a “different buyer.” read more

Labrozzi, GE Capital Veterans Join Global Jet Capital

Global Jet Capital appointed its new senior leadership team. Dave Labrozzi, formerly of GE, was appointed chief operating officer, with fellow GE alum Vivek Kaushal taking on the role of chief risk officer. read more

GE to Sell India Commercial Leasing Business

GE entered an agreement to sell GE Capital’s India Commercial Lending and Leasing businesses to a consortium of former GE Capital management backed by AION Capital Partners, subject to regulatory approval.  read more

Wells Fargo Completes North American GE Capital Acquisition

Wells Fargo completed the purchase of GE Capital’s Commercial Distribution Finance and Vendor Finance businesses as well as a portion of its Corporate Finance business, totaling $27.4 billion of assets. read more

GE Promotes Former GECAS EVP to SVP Corporate

Paul McElhinney, who was formerly an executive vice president and general counsel for GE Capital Aviation Services, was named senior vice president of GE. read more

Aronson Joins H.I.G. Whitehorse as Head of U.S. Direct Lending

Stuart Aronson, former head of GE Capital’s Sponsor Finance Group, joined H.I.G. WhiteHorse as group head of its U.S. Direct Lending team. read more

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