GE announced Richard A. Laxer, GE Capital International president and CEO, will lead GE Capital effective September 1, 2016 as president and CEO. Keith S. Sherin, GE vice chairman and GE Capital chairman and CEO, will retire from GE effective...
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August 31, 2016, 07:41 AM
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GE announced that it has received approval of its request to the Financial Stability Oversight Council (FSOC) for rescission of GE Capital’s designation as a nonbank Systemically Important Financial Institution (SIFI).The FSOC’s decision reflects the...
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June 30, 2016, 07:37 AM
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GE has entered into separate agreements with three buyers to sell the bulk of GE Capital’s U.S. restaurant franchise financing assets. The combined transactions represent ending net investment (ENI) of approximately $1.4 billion as of first quarter...
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June 28, 2016, 07:54 AM
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GE has completed the previously announced sale of GE Capital’s Franchise Finance U.S. hotel business to Western Alliance Bank, a wholly owned subsidiary of Western Alliance Bancorporation (NYSE: WAL). The sale includes approximately $1.3 billion in...
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April 25, 2016, 07:46 AM
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GE continues to quickly and successfully execute the transformation of GE Capital into a smaller, more focused financial services firm. Today, GE filed its request to the Financial Stability Oversight Council (FSOC) for rescission of GE Capital’s...
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March 31, 2016, 08:09 AM
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GE has reached an agreement to sell GE Capital’s Franchise Finance U.S. hotel business to Western Alliance Bank, a wholly owned subsidiary of Western Alliance Bancorporation. The sale includes approximately $1.4 billion in ending net investment (ENI)...
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March 30, 2016, 07:52 AM
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Wells Fargo & Company announced that it has completed the purchase of the North American portions of GE Capital’s Commercial Distribution Finance and Vendor Finance businesses as well as a portion of its Corporate Finance business, totaling $27.4...
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March 02, 2016, 07:24 AM
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GE has signed an agreement to sell its commercial lending and leasing business in Japan, including Capital Finance, Fleet Service and Vendor Finance, to Sumitomo Mitsui Finance and Leasing (SMFL), a member of Sumitomo Mitsui Financial Group. The...
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December 15, 2015, 08:04 AM
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GE has reached an agreement to sell GE Capital’s Commercial Lending and Leasing portfolios in Australia and New Zealand (A&NZ) to Sankaty Advisors, the global credit affiliate of Bain Capital, advised and partially financed by Deutsche Bank. The...
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November 09, 2015, 07:35 AM
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GE has reached an agreement to sell its GE Capital, Transportation Finance business in the U.S. and Canada to BMO Financial Group (BMO).“With the sale of our Transportation Finance business to BMO, we have again found a buyer with a customer centric...
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September 11, 2015, 07:55 AM
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GE has completed the previously announced sale of its U.S. Sponsor Finance business and a bank loan portfolio, representing aggregate ending net investment (ENI) of approximately $10 billion, to Canada Pension Plan Investment Board (CPPIB) in a...
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August 24, 2015, 07:53 AM
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GE announced an agreement to sell GE Capital Bank’s U.S. online deposit platform along with all deposits of GE Capital Bank, including online savings accounts, online CDs and brokered CDs, to Goldman Sachs Bank USA (“GS Bank”). Under this agreement...
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August 14, 2015, 07:52 AM
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GE announced that Sumitomo Mitsui Banking Corporation Europe Limited has made an agreed offer to acquire GE’s European Sponsor Finance business for approximately U.S.$2.2 billion. The business is a leading provider of sponsor finance for European mid...
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June 30, 2015, 08:05 AM
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GE announced today that it has reached an agreement to sell its U.S., Mexico, Australia and New Zealand fleet businesses to Element Financial Corporation for US$6.9 billion. Separately, GE has signed a memorandum of understanding for the potential...
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June 29, 2015, 08:05 AM
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Reuters reported that General Electric is prioritizing the sale of businesses that provide lending to U.S. and European private equity firms, and to healthcare-related businesses, GE Capital's top executive said on Wednesday.Reuters reported that...
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May 28, 2015, 08:03 AM
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GE announced Michael F. Silva has been appointed vice president, chief regulatory officer & compliance leader, GE Capital. He starts on December 2 and will report operationally to GE Capital Chairman & CEO Keith Sherin and functionally to GE's...
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November 25, 2013, 07:41 AM
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Chairman and CEO Jeff Immelt announced the appointment of Keith Sherin as chairman and CEO of GE Capital, succeeding Mike Neal, who is retiring. Immelt also announced that GE Capital CFO Jeff Bornstein will succeed Sherin as CFO of GE. The...
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June 13, 2013, 07:02 AM
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Bloomberg reported General Electric Co. (GE) Chief Financial Officer Keith Sherin will take over as head of GE Capital as soon as this summer, according to a Wall Street Journal report. According to the report, Mike Neal plans to step down as GE...
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June 10, 2013, 07:45 AM
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