General Electric Related Content

GE Capital Moves to Offset ‘Systemically Important’ Tag

GE Capital announced that a newly formed finance subsidiary, GE International Funding, has commenced private offers to exchange new notes for outstanding debt securities. The move is expected to be a key step in terminating the nonbank systemically important financial institution designation for GECC. read more

KKR, Apollo to Pursue GE’s $11B Inventory Finance Arm

Bloomberg reported that KKR and Apollo Global Management are seeking to acquire GE’s inventory finance arm, a unit with $11 billion in assets. read more

GE Names First Female Vice Chair

General Electric named Beth Comstock a vice chair. Reuters reported that the move makes Comstock the first female vice chair in the company’s history. 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 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

Justice Department Blocks GE, Electrolux Deal

The Justice Department filed an antitrust lawsuit to stop Electrolux from buying GE’s appliance business. Official says “proposed acquisition would leave millions of Americans vulnerable to price increases.” read more

GE Plans to Use GECAS to Launch Marine Finance Business

General Electric reportedly outlined its plans for the ship-finance business, diversifying its $48 billion aircraft leasing unit to support sales to the oil and gas sector. read more

WSJ: GE Close to Private Equity Sale to CPPIB

GE reportedly is nearing an agreement to sell its private equity lending unit to the Canada Pension Plan Investment Board, Canada’s largest pension fund. read more

GE Said to Hire Banks to Start Sale on $20B Assets

Bloomberg reported GE has put virtually all of its U.S. commercial loan businesses on the market after hiring banks to unload $20 billion of assets in its healthcare, railcar and franchise finance divisions. read more

GE Launches Sales Process for Portion of Commercial Lending Units

Reuters reported General Electric launched the sales process for a roughly $40 billion portion of its U.S. commercial lending assets, including its equipment finance business. read more

GE Selects Deutsche Bank to Sell GE Capital Interbanca

Reuters reported General Electric picked Deutsche Bank to sell Italian lender GE Capital Interbanca as part of a strategic review to refocus the U.S. conglomerate around its industrial base. read more

GE Capital CEO Prioritizes Sale of Private Equity Assets

As General Electric seeks to unload most of its finance assets, it reportedly is prioritizing the sale of businesses providing lending to U.S. and European private equity firms, and healthcare businesses. read more

GE’s $20B Borrowing Plan Could Risk Credit Rating

Bloomberg reported General Electric’s credit rating, the best among U.S. industrial companies, is at risk as the manufacturing giant weighs adding $20 billion of debt to support its expansion. read more

GE to Sell Australia Commercial Lending Business

General Electric reportedly started a process to sell its $5 billion Australia commercial lending operation. read more

GE: $350MM Locomotive Deal at Risk if Ex-Im Bank Closes

Reuters reported that GE would lose a $350 million deal to build locomotives for Angola, and perhaps billions of dollars more in future export opportunities, if Congress closes the U.S. Export-Import Bank. read more

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