William (Bill) J. Mayer, a senior finance industry executive responsible for generating billions of dollars in growth during his 33 years at Wells Fargo and GE Capital, has joined Tiger Group as Executive Managing Director. He will focus on business...
Read Story
November 02, 2022, 07:25 AM
|
Industry veteran Jim Gavaghan announced the formation of his new recruiting entity, Lease Search LLC.Prior to launching Lease Search, Gavaghan spent 33 years at GE Capital and served as a Senior Managing Director in GE’s Corporate Finance Division....
Read Story
February 22, 2021, 07:15 AM
|
Rowayton Venture Group announced the launch of Chain Asset Management Solutions (Chain AMS). Chain AMS is the combination of Rowayton Venture Group and the Asset Management Solutions platform, which Rowayton acquired from GE Capital in the third...
Read Story
December 20, 2019, 07:22 AM
|
Apollo Global Management, Inc.; Athene Holding Ltd.; and GE Capital, the financial services arm of GE, announced they have closed their previously announced transaction for Apollo and Athene to purchase PK AirFinance, an aviation lending business...
Read Story
December 13, 2019, 07:28 AM
|
Apollo Global Management, LLC, Athene Holding Ltd.; and GE Capital, the financial services arm of GE (NYSE: GE), today announced that they have entered into a definitive agreement for Apollo and Athene to purchase PK AirFinance, an aviation lending...
Read Story
August 30, 2019, 07:30 AM
|
Liberty Commercial Finance added Heather Wilkens to its lease administration team as Vice President of Documentation and Funding. Wilkens joins fellow GE Capital alums Jen Bradford and Kirk Nelson to form one of the most experienced, cohesive back...
Read Story
June 06, 2019, 07:20 AM
|
Encina Business Credit, LLC (EBC) announced Bond Harberts has been appointed Senior Managing Director & Head of Underwriting with responsibility for leading the firm’s underwriting function. Based out of EBC’s headquarters in Chicago, he will report...
Read Story
March 06, 2019, 07:05 AM
|
Wells Fargo Equipment Finance (WFEF) announced Lisa Thomason was promoted to lead its operations team. Effective immediately, Thomason reports to Lisa Sawyers, head of Operations for Wells Fargo Commercial Capital (WFCC). WFEF is one of seven Wells...
Read Story
February 26, 2019, 07:30 AM
|
Key Equipment Finance announced Dave McCarthy will join Key Government Finance as Senior Vice President of the federal finance team. McCarthy will use his government contracting and leadership experience to help grow Key Government Finance Federal...
Read Story
January 24, 2019, 07:15 AM
|
Encina Equipment Finance, LLC (EEF) announced the addition of four industry veterans to its executive team. The company also has relocated its headquarters to new space in Westport, CT, to accommodate future growth.EFF said the following executives...
Read Story
January 08, 2019, 07:30 AM
|
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.The deal significantly expands TIAA Bank’s commercial banking business and enhances its...
Read Story
November 19, 2018, 07:30 AM
|
Former GE Capital Chairman and CEO Richard Laxer has joined Pendragon PLC as a Non-Executive Director, Pendragon announced.Laxer joined Pendragon following an extensive executive career with the General Electric Company, where most recently he held...
Read Story
November 19, 2018, 07:12 AM
|
First Horizon National Corporation announced executive leadership appointments and a realignment of its consumer and wholesale banking segments to advance its long-term strategic objectives. Todd Jones, previously Managing Director and Group Head of...
Read Story
November 05, 2018, 07:25 AM
|
Verdant Commercial Capital, LLC, an independent equipment finance company, hired Brian Lowe to become its Chief Commercial Officer. Lowe has over 15 years of diversified commercial experience selling and leading teams across multiple industries and...
Read Story
October 10, 2018, 07:30 AM
|
Funds managed by affiliates of Apollo Global Management, LLC together with its consolidated subsidiaries, and GE Capital announced they have entered into a definitive agreement for the Apollo Funds to acquire an approximately $1 billion portfolio...
Read Story
October 09, 2018, 07:21 AM
|
Starwood Property Trust, Inc. announced it has entered into a definitive agreement to acquire GE Capital's Energy Financial Services' Project Finance Debt Business and loan portfolio for $2.56 billion, including $400 million of unfunded loan...
Read Story
August 08, 2018, 07:20 AM
|
OnDeck announced the hiring of two senior financial services executives to join its management team. Kelly Merrill and Erich Wust will assume new leadership roles that directly support OnDeck's mission of empowering small business owners with the...
Read Story
December 12, 2017, 07:19 AM
|
GE announced that it has sold its remaining 15.5% equity stake in Penske Truck Leasing Co, L.P., to Penske Automotive Group, Inc. (PAG) and MBK USA Commercial Vehicles, Inc. (MBK), a subsidiary of Mitsui & Co., Ltd. Total proceeds are approximately...
Read Story
September 08, 2017, 07:06 AM
|
Fox Business reported a lawsuit against General Electric Company's Finance unit over its relationship with Thomas Petters will move to trial. According to the Fox Business report, Judge Paul Hyman refused to dismiss the federal lawsuit that accused...
Read Story
June 16, 2017, 07:22 AM
|
GE announced that it has closed the sale of its French consumer finance business, GE Money Bank, and its operations in the French Overseas Territories (the DOMs) to an affiliate of Cerberus Capital Management L.P. The transaction represents ending...
Read Story
March 29, 2017, 07:12 AM
|
PNC Bank announced the appointment of Alex Overstrom as head of PNC Aviation Finance, a premier aircraft lender, funding over $3 billion in aircraft loans over the past five years. In addition, Keith Hayes joins the leadership team as national sales...
Read Story
January 10, 2017, 07:10 AM
|
GE announced its GE Additive business will collaborate with GE Capital to sell and finance metal additive machines. Manufacturing companies will now have more ways to access transformative 3D printing technology, spurring growth in several critical...
Read Story
January 05, 2017, 07:30 AM
|
Värde Partners, the $11 billion global alternative investment firm, announced that Aneek Mamik has joined the firm as North American Head of Specialty Finance. He started in September and is based in New York. This appointment further positions Värde...
Read Story
November 08, 2016, 07:17 AM
|
GE announced that it has completed the spin-off and merger of Bank BPH’s Core Bank to Alior Bank, representing aggregate ending net investment (ENI) of approximately $3.6 billion at the end of the third quarter 2016. GE Capital retains the Bank BPH...
Read Story
November 07, 2016, 07:00 AM
|
Stonebriar Commercial Finance announced that Brian Daley has joined the company as Managing Director of Originations covering the West Region. Based in Irvine, CA, Daley will manage Stonebriar Commercial Finance's direct originations efforts in the...
Read Story
October 24, 2016, 07:07 AM
|
Avolon, the international aircraft leasing company, announced the appointment of Denis Nayden to its Board as Vice Chairman and Chair of the Risk Committee. Nayden is a veteran of the aircraft leasing industry and previously served as Avolon’s...
Read Story
October 19, 2016, 07:03 AM
|
GE announced that it has completed the sale of its remaining 20% stake in the Hyundai Capital Services (HCS) joint venture through a structured asset-backed security, representing aggregate ending net investment (ENI) of approximately $0.8 billion as...
Read Story
October 17, 2016, 07:00 AM
|
GE announced that it has completed the sale of GE Capital’s U.S. restaurant financing assets, through a series of separate transactions with regional buyers first announced in June 2016. These combined transactions represent an ending net investment...
Read Story
September 20, 2016, 07:00 AM
|
GE announced that 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...
Read Story
August 31, 2016, 07:15 AM
|
Wintrust Financial Corporation announced that its subsidiary Lake Forest Bank and Trust Company has completed its previously announced acquisition of select loans and related relationships from GE Capital Franchise Finance. The loans totaled $554...
Read Story
August 22, 2016, 07:10 AM
|
Capital One announced that Bob McCarrick has joined its Middle Market banking team as Executive Vice President and Head of Middle Market Relationships. In this role, he is responsible for regional middle-market banking efforts throughout the East...
Read Story
August 09, 2016, 07:12 AM
|
Evolve Commercial Finance, a subsidiary of Evolve Bank & Trust, announced the addition of Erin Shields as the new Regional Sales Manager for its Commercial Finance Division. Most recently, Shields was with Citizens Financial Group where she focused...
Read Story
August 08, 2016, 07:23 AM
|
GE announced that it has signed and closed the sale of a 14.4% limited partner interest in Penske Truck Leasing Co., L.P., a full-service truck leasing, rental, and logistics business, to Penske Automotive Group, Inc. The sale represents ending net...
Read Story
July 29, 2016, 07:19 AM
|
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 US$1.4 billion as of first quarter...
Read Story
June 28, 2016, 07:12 AM
|
The Alta Group announces that John D. Rizzi has joined the firm as managing director and practice leader for the new Digital Business Advisory Practice, which provides digital business transformation services to the equipment leasing and asset...
Read Story
June 13, 2016, 07:15 AM
|
OnDeck®, announced that Daniel S. Henson was elected to its Board of Directors effective June 2, 2016. Mr. Henson brings nearly 30 years of experience from General Electric Company (GE), where he held a variety of senior positions at GE and General...
Read Story
June 07, 2016, 07:06 AM
|
Bill Connelly, member of the Management Board Banking and Head of ING Wholesale Banking, today announced his retirement. He will step down from the Management Board Banking as of 1 November 2016. Bill will be succeeded by Maria Isabel Fernandez...
Read Story
June 01, 2016, 07:08 AM
|
Wells Fargo & Company has named leaders for its Equipment Finance and Commercial Distribution Finance (CDF) Canada divisions following the completed acquisition of GE Capital’s Direct, Vendor and CDF businesses earlier this year. Continuing to...
Read Story
May 19, 2016, 07:26 AM
|
Encina Business Credit, LLC (EBC) announced Thomas Sullivan and Sean Sheehan have joined the company as Chief Credit Officer and Managing Director, respectively. Based in the company’s Chicago headquarters, Mr. Sullivan will be responsible for...
Read Story
May 19, 2016, 07:11 AM
|
Stonebriar Commercial Finance announced that John Cyphers has joined the company as Director of Originations covering the Eastern Region, managing Stonebriar Commercial Finance's origination efforts in that area. This hire continues Stonebriar's...
Read Story
May 02, 2016, 07:15 AM
|
HCA announced that Suzanne Santos has joined the company as Senior Vice President Operations & Chief Credit Officer responsible for leading the company’s North American Credit and Operations functions. Santos brings over 25 years of experience in...
Read Story
April 29, 2016, 07:17 AM
|
Wells Fargo Commercial Distribution Finance (CDF) has extended its inventory financing program with Briggs & Stratton Power Products Group, a wholly owned subsidiary of Briggs & Stratton Corp, the world’s largest producer of gasoline engines for...
Read Story
April 28, 2016, 07:25 AM
|
Neil Panchal has joined Northpoint Commercial Finance as Director of Business Development. He will report to Bob Eddy, Vice President of Business Development, and be responsible for advancing business and client relationships in Ontario and Manitoba...
Read Story
April 26, 2016, 07:21 AM
|
Wells Fargo & Company (WFC) reported $5.5 billion in net income for a return on assets (ROA) of 1.21%, down 2% on a linked-quarter basis and down 6% from a year ago, according to Fitch Ratings. Earnings were impacted by an expected energy-related...
Read Story
April 15, 2016, 07:38 AM
|
Canadian Western Bank announced its recent signing of an asset purchase agreement to acquire GE Capital's Canadian Franchise Finance business. The business provides financing across Canada to a diverse group of established companies in the...
Read Story
April 08, 2016, 07:12 AM
|
MB Equipment Finance announces nine additions to its team. The recent hiring of six senior relationship managers, two senior credit underwriters and a senior documentation leader significantly expands the MB Equipment Finance presence throughout the...
Read Story
April 06, 2016, 07:17 AM
|
GE announced on April 1, 2016 that it has completed the previously announced sale of its commercial lending and leasing business in Japan, including Capital Finance, Fleet Services and Vendor Finance, to Sumitomo Mitsui Finance and Leasing Company...
Read Story
April 04, 2016, 07:04 AM
|
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...
Read Story
March 31, 2016, 07:34 AM
|
GE and State Street Corporation announced an agreement for State Street to acquire GE Asset Management (GEAM), GE’s investment management arm, for up to $485 million, subject to adjustments. This announcement follows GE’s previous announcement in...
Read Story
March 31, 2016, 07:25 AM
|
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...
Read Story
March 30, 2016, 07:15 AM
|
CIT Group announced that CIT Capital Equipment Finance made several key appointments designed to further build a best-in-class originations team focused on creating tailored capital equipment financing solutions for middle-market companies.
“I am...
Read Story
March 04, 2016, 07:32 AM
|
Reich Brothers Holdings, LLC, a purchaser of turnkey manufacturing facilities, specialty finance lender, and demolition services provider, has named Kyle Sligar president of Reich Brothers Business Solutions, LLC and hired new capital asset...
Read Story
March 03, 2016, 07:22 AM
|
Following a quarter of strong revenue growth, U.S. middle market companies reported stable growth to close 2015, even as rate of increase in employment flattened and confidence in the economy fell. These findings headline the National Center for the...
Read Story
January 28, 2016, 07:15 AM
|
GE announced that it has selected Boston for its corporate headquarters location.“GE aspires to be the most competitive company in the world,” said GE Chairman and CEO Jeff Immelt. “Today, GE is a $130 billion high-tech global industrial company, one...
Read Story
January 14, 2016, 07:15 AM
|
Great Rock Capital Partners (Great Rock), a Connecticut-based investment management firm, announced the launch of its lending platform that will provide asset based and asset backed loans for middle market companies whose financing needs are not...
Read Story
December 16, 2015, 07:18 AM
|
GE (NYSE: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...
Read Story
December 15, 2015, 07:10 AM
|
GE announced that it has completed more than $100 billion in previously announced portfolio and business unit sales as part of its strategy to significantly reduce the size of GE Capital and apply for de-designation as a systemically important...
Read Story
December 10, 2015, 07:05 AM
|
GE has signed an agreement to sell its equipment lending and leasing business in Mexico to Linzor Capital Partners, a leading pan-regional private equity firm that focuses on Latin American middle market investments. The transaction includes...
Read Story
December 07, 2015, 07:10 AM
|
GE announced that it has signed a memorandum of understanding (MOU) for the potential sale of its Equipment Finance and Receivable Finance businesses in France and Germany to Banque Fédérative du Crédit Mutuel (BFCM), representing ending net...
Read Story
December 03, 2015, 07:10 AM
|
GE has signed an agreement to sell a portfolio of first lien mortgage loans from its UK Home Lending business, representing aggregate ending net investment (ENI) of approximately US$5.8 billion, to an investment consortium made up of opportunistic...
Read Story
November 23, 2015, 07:00 AM
|
According to a Dow Jones Business News report on NASDAQ, Sumitomo Mitsui Financial Group is set to enter exclusive talks to buy GE's Japan leasing business, a person familiar with the matter said Friday. SMFG's offer values the business at more than...
Read Story
November 13, 2015, 07:09 AM
|
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...
Read Story
November 09, 2015, 07:10 AM
|
The Alta Group announces the expansion of its worldwide consulting and advisory business with the creation of The Alta Group Asia Pacific Region (Alta AP). Alta AP is based in Hong Kong but serves the broader Asia Pacific equipment leasing and asset...
Read Story
October 28, 2015, 07:06 AM
|
Summit Funding Group announced that Brian Lowe has joined the company as the General Manager of Equipment Finance reporting directly to Richard Ross, President. Lowe will be leading a team to grow our Material Handling business in both Vendor Finance...
Read Story
October 19, 2015, 07:19 AM
|
Bloomberg reported General Electric beat analysts’ third-quarter earnings estimates, buoyed by gains in the aviation and transportation units. However, sales fell short of projections. According to the Bloomberg report, GE’s oil and gas revenue...
Read Story
October 16, 2015, 08:00 AM
|
GE has reached an agreement to sell GE Capital’s global Commercial Distribution Finance, North American Vendor Finance and Corporate Finance platforms to Wells Fargo. The sale includes ending net investment (ENI) of approximately $30 billion (about...
Read Story
October 13, 2015, 11:05 AM
|
GE announced that it has reached an agreement to sell its fixed-wing Corporate Aircraft financing portfolio in the Americas to Global Jet Capital, a provider of financing solutions for the private aircraft market. “We are excited to sell our...
Read Story
October 06, 2015, 07:15 AM
|
Trian Fund Management, L.P. disclosed that it has become a top ten shareholder of GE with a beneficial ownership of 98.5 million GE shares currently valued at approximately $2.5 billion. GE is now Trian’s largest investment.Trian Principals Nelson...
Read Story
October 05, 2015, 07:50 AM
|
Wells Fargo & Company (NYSE: WFC) announced that its railcar finance, leasing and fleet management business, First Union Rail, has signed an agreement to purchase GE Railcar Services from GE Capital. The transaction, which will add to the existing...
Read Story
October 01, 2015, 07:21 AM
|
Element Financial announced that it has closed the acquisition of General Electric Capital Corporation’s (“GE Capital”) fleet management operations in Mexico and their fleet management operations in Australia and New Zealand doing business as Custom...
Read Story
October 01, 2015, 06:38 AM
|
Shipments and retail registrations of recreational vehicles (RVs) are both up, according to data from the Recreational Vehicle Industry Association (RVIA) and Statistical Surveys Inc. (SSI). These metrics have positive implications for the RV...
Read Story
September 23, 2015, 06:56 AM
|
GE [NYSE:GE] has completed the previously announced sale of its European Sponsor Finance business, representing aggregate ending net investment (ENI) of approximately US$2.1 billion, to Sumitomo Mitsui Banking Corporation Europe (SMBCE). GE has also...
Read Story
September 17, 2015, 07:05 AM
|
Bloomberg reported KKR & Co. and Apollo Global Management are seeking to acquire GE's inventory finance arm, a unit with $11 billion in assets people familiar with the matter said.According to Bloomberg, the buyout firms made bids two weeks ago for...
Read Story
September 14, 2015, 07:07 AM
|
GE announced that it 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...
Read Story
September 11, 2015, 07:30 AM
|
Reuters reported Japanese banks are among bidders for GE's local commercial lending and leasing operation, sources told Reuters on Friday.According to the Reuters report, Orix Corp. and the leasing units of Sumitomo Mitsui Financial Group, Mitsubishi...
Read Story
September 04, 2015, 08:00 AM
|
Element Financial Corporation announced that it has closed the U.S.-based portion of the previously announced acquisition of the remaining North American fleet management operations of General Electric Capital Corporation and expects to close the...
Read Story
September 01, 2015, 07:07 AM
|
Bloomberg reported Wells Fargo has emerged as the front-runner to buy GE's railcar-financing unit, people with knowledge of the matter said.According to the Bloomberg report, an agreement to buy the business, with more than $4 billion in assets...
Read Story
August 28, 2015, 07:08 AM
|
Wells Fargo announced that John Coad has been named national sales manager for SBA Lending. A senior sales leader with 30 years of experience in commercial lending, including SBA lending and small business leadership roles at GE Capital, Coad will...
Read Story
August 26, 2015, 07:14 AM
|
GE announced that it 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...
Read Story
August 24, 2015, 07:06 AM
|
Bloomberg reported that General Electric has held exploratory talks about relocating its headquarters to Atlanta from Connecticut, according to people familiar with the matter.According to the Bloomberg report, GE may meet with developer Tishman...
Read Story
August 20, 2015, 07:10 AM
|
GE Capital Commercial Distribution Finance (CDF) announced that it has been selected by Bush Hog, Inc., a leading North American manufacturer of rotary cutters, to provide financing solutions to its U.S. dealer network. CDF will provide Bush Hog...
Read Story
August 20, 2015, 07:05 AM
|
GE Capital Commercial Distribution Finance (CDF) announced that it has extended its inventory financing agreement with Wright Manufacturing, Inc., a producer of commercial lawn mowers. The financing will be used for its network of dealers and...
Read Story
August 19, 2015, 07:10 AM
|
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...
Read Story
August 14, 2015, 07:27 AM
|
Signature Bank in Minnetonka, MN announced the recent addition of Mark L. Stauffer to its Lease Financing Division. Stauffer works closely within a diverse range of industries including a focus on telecom and technology. Prior to joining Signature...
Read Story
August 14, 2015, 07:21 AM
|
GE announced that it has reached an agreement to sell $8.5 billion of healthcare-related loans and its Healthcare Financial Services (HFS) U.S. lending business to Capital One for approximately $9 billion. Separately, GE has signed an agreement with...
Read Story
August 12, 2015, 07:15 AM
|
Reuters reported General Electric Co.'s GE Capital unit for now will remain designated as "systemically important" - a tag that carries greater regulatory scrutiny. Reuters cited an announcement made by a U.S. regulatory panel.The Financial Stability...
Read Story
August 03, 2015, 07:35 AM
|
For the second quarter in a row, middle market executives say that middle market corporate growth continues to moderate, suggesting that the business cycle remains steady following a period of robust growth in 2014. Some 66 percent of middle-market...
Read Story
July 31, 2015, 07:17 AM
|
The powersports industry, which includes motorcycles, all-terrain vehicles (ATV), utility-terrain vehicles (UTVs), snowmobiles, and personal watercraft, is robust and continues to grow according to dealer performance data from Commercial Distribution...
Read Story
July 29, 2015, 07:07 AM
|
Bloomberg reported Capital One Financial Corp. and Apollo Global Management are poised to make final bids for General Electric Co.’s health-care finance unit, people with knowledge of the matter said.According to the Bloomberg report, final offers...
Read Story
July 27, 2015, 07:05 AM
|
Element Financial announced that the United States Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR Act”) with respect to the Company’s pending...
Read Story
July 24, 2015, 06:59 AM
|
Commercial Distribution Finance (CDF), a division of GE Capital, announced that it has extended its strategic inventory finance program with outdoor power equipment manufacturer Husqvarna Group. The program goes to market as Husqvarna Financial...
Read Story
July 24, 2015, 06:56 AM
|
The Federal Reserve Board on Monday issued a final order that establishes enhanced prudential standards for General Electric Capital Corporation (GECC), a nonbank financial company designated by the Financial Stability Oversight Council (FSOC) for...
Read Story
July 21, 2015, 07:15 AM
|
Bloomberg reported General Electric will seek initial bids for its Japanese leasing business in late August, said people with knowledge of the situation.According to the Bloomberg report, GE will distribute documents with information on the business...
Read Story
July 10, 2015, 07:11 AM
|
GE Capital, Commercial Distribution Finance (CDF) announced that it has extended its inventory financing agreement with the American Boat Builders Association (ABA), a major buying group for independent boat builders in the U.S., through 2018. CDF...
Read Story
July 10, 2015, 06:34 AM
|
In an 8-K filing, GE provided an update on the charges the company has taken in connection with its plan to exit most GE Capital assets over the next couple years. According to the 8K filing, on April 10, 2015, General Electric Company ("GE")...
Read Story
July 08, 2015, 06:17 AM
|
GE Capital, Canada and Gaz Métro Transport Solutions (GMTS), a subsidiary of Gaz Métro, announced the signing of a strategic agreement that will facilitate the trucking industry’s adoption of natural gas as a fuel in Eastern Canada. GE Capital has...
Read Story
July 07, 2015, 07:00 AM
|
GE Capital’s Franchise Finance business announced that it has provided financing to Dufficy Enterprises Inc. Based in Franklin, MA, Dufficy is a Domino’s Pizza franchisee that operates 16 units in the greater Boston area.The credit facility includes...
Read Story
July 07, 2015, 06:00 AM
|
Reuters reported GE Capital Chief Executive Keith Sherin told Reuters in an interview Tuesday that he expects the pace of GE Capital asset sales will accelerate in the third quarter.Reuters notes that a hefty portion of the businesses that have yet...
Read Story
July 01, 2015, 07:11 AM
|
Bloomberg reported Element Financial is looking for more deals after announcing a $6.9 billion acquisition of GE Capital’s fleet business.According to the Bloomberg report, Element Chief Executive Officer Steve Hudson said he’s eyeing Hertz Global...
Read Story
June 30, 2015, 07:16 AM
|
GE announced that Sumitomo Mitsui Banking Corporation Europe Limited (SMBCE), a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation (SMBC) has made an agreed offer to acquire GE’s European Sponsor Finance business for approximately US$2.2...
Read Story
June 30, 2015, 07:10 AM
|
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...
Read Story
June 29, 2015, 07:10 AM
|
The Wall Street Journal reported Sumitomo Mitsui Financial Group (SMFG) is interested in General Electric's U.S. railway-leasing business, according to people familiar with the matter. According to The Wall Street Journal report, GE Capital Rail...
Read Story
June 23, 2015, 07:15 AM
|
GE announced its GE Capital Real Estate business has now completed transactions totaling $9.5 billion with Blackstone, Wells Fargo, Shinsei Bank Limited and other buyers for portfolios in Canada, Japan, Germany, U.K. and the U.S. As announced on...
Read Story
June 18, 2015, 07:06 AM
|
The 25th annual edition of the Chain Restaurant Industry Review by GE Capital, Franchise Finance shows that Americans’ dining habits have changed dramatically over the past quarter century. At the same time, the restaurant industry itself is growing...
Read Story
June 18, 2015, 06:06 AM
|
Bloomberg reported Wells Fargo and Toronto-Dominion Bank are exploring offers for a batch of U.S. commercial-lending businesses.According to the Bloomberg report, Capital One Financial Corp. and U.S. Bancorp are also weighing bids for the businesses...
Read Story
June 12, 2015, 07:10 AM
|
The Wall Street Journal reported Wells Fargo & Co.’s wholesale-banking head, Timothy Sloan, said the bank expects continued growth through acquisitions, such as buying portfolios or selectively buying businesses.According to The Wall Street Journal...
Read Story
June 11, 2015, 07:18 AM
|
GE announced today that it has reached an agreement to sell its U.S. Sponsor Finance business and a $3 billion bank loan portfolio to Canada Pension Plan Investment Board (CPPIB) in a transaction valued at approximately $12 billion.“We are excited to...
Read Story
June 09, 2015, 07:00 AM
|
Bloomberg reported GE. is poised for a $12 billion deal as soon as Monday to sell more than half of its U.S. private-equity lending arm to Canada Pension Plan Investment Board while Ares Management LP seeks to buy the rest of that business, people...
Read Story
June 08, 2015, 07:10 AM
|
Bloomberg reported General Electric 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 health-care, railcar and franchise finance divisions, according to people with...
Read Story
June 04, 2015, 07:16 AM
|
The Alta Group and Genpact announced a newly-expanded strategic alliance that will provide comprehensive management, information technology (IT), application consulting, and hosted solutions to equipment lessors and other commercial and consumer...
Read Story
June 03, 2015, 06:59 AM
|
Reuters reported General Electric has launched the sales process for a roughly $40 billion portion of its U.S. commercial lending assets, a source familiar with the situation said on Sunday.Reuters cites a report from The Wall Street Journal...
Read Story
June 01, 2015, 07:14 AM
|
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...
Read Story
May 28, 2015, 07:07 AM
|
GE said that it is in advanced talks to sell assets in the $9 billion vehicle fleet-management business to Element Financial Corp., Bloomberg reported citing people familiar with the matter.Quoting the people, the Bloomberg report said that no deal...
Read Story
May 27, 2015, 07:20 AM
|
Landec Corporation, a leading developer and marketer of innovative and proprietary products for healthy living applications in the food and biomedical markets, has secured for Apio, Inc., Landec's food subsidiary, a new equipment loan from Banc of...
Read Story
May 22, 2015, 06:58 AM
|
Bloomberg reported General Electric is running ahead of schedule on its plan to shed the bulk of its lending unit, with about $100 billion of assets to be unloaded this year.The Bloomberg report notes Chief Executive Officer Jeffrey Immelt stated he...
Read Story
May 21, 2015, 07:10 AM
|
Small and mid-size businesses are the backbone of the American economy, and access to capital is the fuel that lets them thrive. A unique survey, co-authored by the Milken Institute's Center for Financial Markets (CFM) and the National Center for the...
Read Story
May 15, 2015, 06:43 AM
|
The Wall Street Journal reports General Electric Co. is putting its $5 billion Japanese commercial finance operation, a key piece of GE Capital’s Asia operations, up for sale according to people familiar with the situation.According the The Wall...
Read Story
May 13, 2015, 07:12 AM
|
The Wall Street Journal reports that General Electric Co. has taken steps to prevent key employees at GE Capital from leaving the company offering retention bonuses to select executives, according to people familiar with the matter. The Wall Street...
Read Story
May 08, 2015, 07:12 AM
|
Bloomberg reported SunTrust, Apollo Global Management and Ares Management are weighing offers for a General Electric unit that lends to private-equity firms, people familiar with the matter said.Bloomberg reports that concern over possible staff...
Read Story
April 27, 2015, 07:14 AM
|
Stonebriar Commercial Finance announced the addition of Mark Gibson as Vice President, Capital Markets. Based in the Dallas area, he will be instrumental in expanding Stonebriar Commercial Finance’s portfolio of loans and leases in a broad range of...
Read Story
April 22, 2015, 06:57 AM
|
Reuters reported that General Electric is in early-stage talks with Wells Fargo & Co about selling its entire $74 billion U.S. commercial lending and leasing (CLL) portfolio to the bank, according to a source familiar with the situation.According to...
Read Story
April 21, 2015, 07:04 AM
|
Bloomberg reported General Electric has held talks with “a broad geographic spectrum” of sovereign wealth funds as part of the effort to sell the bulk of its lending business, Chief Financial Officer Jeff Bornstein said.According to the Bloomberg...
Read Story
April 20, 2015, 07:10 AM
|
GE Capital Fleet Services today introduced BrightWorks* Insights, an advanced fleet analytics platform. The BrightWorks Insights platform is GE Capital Fleet Services’ core engine for bringing together data from drivers, vehicles, fleet services, and...
Read Story
April 15, 2015, 07:05 AM
|
GE today announced that it will create a simpler, more valuable company by reducing the size of its financial businesses through the sale of most GE Capital assets and by focusing on continued investment and growth in its world-class industrial...
Read Story
April 10, 2015, 07:07 AM
|
Penske Truck Leasing Co., L.P. ("PTL") today announced that Tokyo-based Mitsui & Co., Ltd. ("Mitsui") has acquired a 20.0% limited partnership interest in PTL from General Electric Capital Corporation ("GECC"). Following Mitsui's investment, GECC...
Read Story
March 19, 2015, 07:14 AM
|
Reuters reported that a consortium of private equity firm KKR & Co LP, alternative investment manager Varde Partners and Deutsche Bank has agreed to buy GE Capital's Australian and New Zealand consumer lending arm for A$8.2 billion ($6.26...
Read Story
March 16, 2015, 07:09 AM
|
The Wall Street Journal reports that General Electric Co. is considering making deeper cuts to GE Capital, having decided the returns from lending are no longer worth the ire it provokes among investors, people familiar with the matter said.According...
Read Story
March 12, 2015, 07:00 AM
|
Stonebriar Commercial Finance LLC ("Stonebriar") announced the commencement of its operations with financial backing from Topeka, Kansas based Security Benefit Corporation ("Security Benefit").Stonebriar will provide financing solutions to a broad...
Read Story
March 11, 2015, 07:05 AM
|
Nearly 80 percent of marine industry participants expect sales to increase between five and ten percent this year, according to survey results released today by GE Capital, Commercial Distribution Finance (CDF). That’s up from 54 percent who expected...
Read Story
February 26, 2015, 07:00 AM
|
GE Capital recently named Isabel Fernandez chief commercial officer. In this role, she leads all sales, marketing and product development across GE Capital, which operates in more than 50 countries.Since joining GE Capital in 2000, Fernandez has...
Read Story
February 05, 2015, 07:02 AM
|
U.S. Bank Asset Based Finance has named Todd Gronski senior vice president, western United States. In this role, Gronski will lead a team of portfolio specialists who are responsible for underwriting and structuring client transactions. Gronski...
Read Story
February 04, 2015, 07:00 AM
|
GE Capital Fleet Services announced that it has named Eric Stanley as Managing Director, Southeast Region, based in Atlanta. Eric Stanley brings more than 20 years of sales experience with him to GE Capital Fleet Services. He joined GE in 1998 and...
Read Story
January 27, 2015, 07:02 AM
|
GE Capital’s Telecom, Media and Technology (TMT) financing business announced it completed more than 50 transactions totaling $5 billion during 2014, including $1.3 billion across 17 technology sector transactions. The TMT business addressed the...
Read Story
January 23, 2015, 06:44 AM
|
According to a study released by GE Capital Fleet Services, companies that own their vehicle fleets report that they are challenged by capital expenditure limitations and the total cost of ownership of their fleets.Nearly 200 CFOs and fleet managers...
Read Story
January 21, 2015, 07:06 AM
|
GE Capital’s Healthcare Financial Services (HFS) business provided more than $10.5 billion in financing to customers across more than 240 transactions in 2014, an increase of 20% percent from the prior year. For the third consecutive year, GE Capital...
Read Story
January 13, 2015, 07:00 AM
|
Bombardier Commercial Aircraft announced that lessor GE Capital Aviation Services ("GECAS") has signed a firm purchase agreement for five Q400 NextGen aircraft and has also taken options on an additional 10 Q400 NextGen aircraft.Based on the list...
Read Story
January 05, 2015, 06:49 AM
|
GE announced the appointment of three new Company officers. Effective January 1, 2015, GE will have 195 officers globally who lead large revenue-generating businesses or are in critical technology or functional roles, helping to drive growth.Michael...
Read Story
December 24, 2014, 07:00 AM
|
GE Capital International has expanded its senior leadership team through the appointment of Henry Allen as Commercial & Growth Leader of the firm’s international business, encompassing all markets outside the Americas. The appointment is part of the...
Read Story
December 19, 2014, 07:06 AM
|
GE Capital has released a national survey of C-suite executives at middle market companies (ranging from $10 million to less than $1 billion in sales). The survey includes an analysis of the Food and Beverage industry.KEY FINDINGS - The most...
Read Story
December 18, 2014, 07:00 AM
|
GE Capital has released a national survey of C-suite executives at middle market companies (ranging from $10 million -
Key Findings - The most significant insights to emerge from GE Capital’s survey of leaders of U.S. middle market firms...
Read Story
December 16, 2014, 06:58 AM
|
GE Capital released a national survey of 409 executives at middle market companies (ranging from $10 million - Selected Report Highlights:Companies operate fleets in a variety of industries, and half expect their firms’ industry to expand in the...
Read Story
December 15, 2014, 07:19 AM
|
GE Capital’s Equipment Finance (EF) business announced today that Cynthia Caine has been named leader of vendor finance programs for technology and diversified industries. With 23 years of experience in vendor financing, Caine is responsible for...
Read Story
December 09, 2014, 07:06 AM
|
Bloomberg reported the Federal Reserve said it plans to oversee GE Capital Corp. in a similar manner to the way it supervises large bank-holding companies. According to the Bloomberg report, the Fed asked for public comment today on its regulation of...
Read Story
November 26, 2014, 07:22 AM
|
GE Capital, Corporate Finance announced it is providing $107.7 million in credit facilities to Mariani Packing, one of the world’s largest independent producers of dried fruit. Mariani Packing, headquartered in Vacaville, CA, sells premium products...
Read Story
November 19, 2014, 07:00 AM
|
GE Capital, Franchise Finance (GEFF) announced that it has expanded its team of account executives to focus on developing relationships with the next generation of restaurant operators nationwide.To lead this initiative, Allen Johnson has been...
Read Story
October 30, 2014, 07:05 AM
|
Hospitals across the globe are becoming increasingly confident about their growth prospects for the year ahead despite rising costs and ongoing economic uncertainty, according to GE Capital’s inaugural Hospital Sentiment Research – a report based on...
Read Story
October 23, 2014, 07:03 AM
|
GE Capital Aviation Services (GECAS), the aircraft leasing unit of GE, announced the signing of an agreement to acquire Milestone Aviation Group, the Dublin-based helicopter lessor, for $1.775 billion. “The Milestone acquisition is a great fit for GE...
Read Story
October 14, 2014, 06:00 AM
|
According to a report from the Star Ledger, GE Capital is seeking to obtain an order allowing it to seize medical equipment from a New Jersey medical imaging company accused of operating an $8 million Medicaid fraud scheme. The collateral includes...
Read Story
September 26, 2014, 07:14 AM
|
GE Capital, Commercial Distribution Finance (CDF) announced it has significantly expanded its inventory financing program with MarineMax, the nation’s largest boat dealer, and extended its duration through 2017. The $235 million facility will allow...
Read Story
September 18, 2014, 06:31 AM
|
The Equipment Leasing and Finance Association has selected John Bober, Global Technical Controller for GE Capital, to receive its 2014 Distinguished Service Award. The award honors individuals who have made significant contributions to the...
Read Story
September 09, 2014, 07:00 AM
|
GE Capital’s Commercial Distribution Finance (CDF) business sees positive trends in the Canadian motorsports and recreational vehicle (RV) industries through the first half of the year, while the marine industry is experiencing a slight slowdown...
Read Story
September 02, 2014, 06:57 AM
|
GE Capital Fleet Services announced an agreement with VNG.co, a national CNG fueling facility provider, to support the expansion of the CNG refueling infrastructure for light-duty fleet vehicles. With interest rising in CNG as a lower-cost...
Read Story
August 25, 2014, 07:00 AM
|
GE Capital has released a national survey of C-suite executives at middle market companies (ranging from $10 million - less than $1 billion in sales). The survey, which is broken out by industry including those in commercial aviation, examines...
Read Story
August 01, 2014, 06:38 AM
|
GE announced today second-quarter 2014 operating earnings of $3.9 billion, with operating earnings per share of $0.39, up 8% from the second quarter of 2013. GAAP earnings from continuing operations were $3.6 billion, with earnings per share of $0.35...
Read Story
July 18, 2014, 07:02 AM
|
Nations Equipment Finance, LLC (“Nations”) announced the appointment of Jeremy Borkowski as Senior Vice President of Business Development. Jeremy will be responsible for Nation’s lease and loan originations in Delaware, Maryland, Pennsylvania and...
Read Story
July 16, 2014, 07:00 AM
|
GE Capital’s Telecom, Media and Technology (TMT) financing business announced that sell-side analyst Raj Seth has joined as managing director and senior technology analyst. Seth brings more than 20 years of technology industry experience to a team...
Read Story
July 14, 2014, 06:00 AM
|
GE Capital, Equipment Finance has named Matt LeSage its new chief commercial officer. He reports to Diane Cooper, president of the business. GE — the global provider of solutions in energy, health and home, transportation and finance —employs 1,500...
Read Story
July 10, 2014, 07:03 AM
|
GE Capital released a national survey of more than 400 executives at middle market companies (ranging from $10 million -
Notably, the survey found that 27% of companies expect to increase the size of their fleets in the next 12 months, with leasing...
Read Story
June 24, 2014, 07:00 AM
|
GE Capital, Healthcare Financial Services (HFS) has named Brett B. Haring leader of its Life Sciences Finance business, which has committed more than $2.3 billion in debt and equity financing to 500+ emerging healthcare companies since 2000.A 25-year...
Read Story
June 17, 2014, 06:59 AM
|
GE Capital, Commercial Distribution Finance (CDF) is expanding the pool of working capital financing available to small and middle market information technology (IT) solution providers. With secured lending from a reliable liquidity source...
Read Story
June 12, 2014, 06:50 AM
|
GE Capital's Commercial Distribution Finance (CDF) business announced it has extended its strategic floorplan financing agreement with Independent Boat Builders, Inc. (IBBI), a major boat manufacturer buying group, in the U.S. and Canada. The program...
Read Story
June 03, 2014, 05:30 AM
|
GE Capital Markets announced that it has hired Joe Thompson as senior vice president to support GE Capital’s growing equipment and vendor finance business. He will be based in Irving, TX where GE Capital, Equipment Finance is headquartered.Thompson...
Read Story
May 14, 2014, 07:02 AM
|
Ensuring driver safety is the biggest priority of fleet managers, according to a survey conducted at the 2014 NAFA Institute and Expo by GE Capital Fleet Services. With more than a third (35 percent) of fleet managers identifying it as their main...
Read Story
May 14, 2014, 06:35 AM
|
GE Capital’s Equipment Finance business announced a new financing program for commercial buyers of collaboration solutions developed by Polycom, Inc. Based in San Jose, Calif., Polycom is a leader in secure and flexible video, voice and content...
Read Story
May 06, 2014, 07:00 AM
|
Established restaurant brands are fiercely competing with new concepts for market share while ingredient costs are rising, said GE Capital, Franchise Finance. And although diners are spending more during each visit, consumer traffic declined over the...
Read Story
May 06, 2014, 06:04 AM
|
According to the National Center for the Middle Market (NCMM), the U.S. middle market saw a 5% increase in revenue growth compared to the S&P 500’s 1% revenue increase last year – demonstrating the mid-market’s position as a key engine of growth for...
Read Story
April 25, 2014, 06:15 AM
|
GE Capital announced a five-year extension of its financing agreement with Ricoh Americas Corporation (RAC) through September 2019 in the U.S. and Canada. RAC is part of Ricoh, a global technology company specializing in office imaging (OI) equipment...
Read Story
March 18, 2014, 06:50 AM
|
Mini buses, limo buses and coaches are expected to be in high demand by specialty vehicle buyers in 2014, according to a new survey by GE Capital, Commercial Distribution Finance (CDF). CDF is a major provider of financing for manufacturers and...
Read Story
March 07, 2014, 06:48 AM
|
Bloomberg reports that GE's aircraft leasing division may add helicopters to its portfolio of rental assets amid rising competition in the market for financing commercial jetliners. The Bloomberg report quotes Norman Liu, the unit’s chief executive...
Read Story
February 11, 2014, 07:01 AM
|
GE Capital, Equipment Finance announced that it is expanding its financing program for dealers to purchase construction equipment for use in their rental fleets. About half of U.S. dealers offer rentals in addition to sales — a figure that’s expected...
Read Story
January 28, 2014, 07:00 AM
|
GE announced today fourth-quarter 2013 operating earnings of $5.4 billion, with earnings per share of $0.53, up 20% from the fourth quarter of 2012. GAAP earnings from continuing operations were $5.0 billion, with earnings per share of $0.49, up 20%....
Read Story
January 17, 2014, 07:00 AM
|
Research and Markets has announced the addition of the "United States Equipment Finance Market Forecasts Report, 2016" report to their offering. One of the major drivers in this market is the improving Credit market conditions in the market, which...
Read Story
January 09, 2014, 06:15 AM
|
Element Financial Corporation (“Element” or the “Company”) announced that it has entered into a strategic alliance with Trinity Industries (“Trinity”) to provide lease financing for up to $2 billion worth of railcars over the next two years. Element...
Read Story
December 10, 2013, 07:03 AM
|
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...
Read Story
November 25, 2013, 07:03 AM
|
GE Capital, Canada today announced it has provided $1.9 million in equipment financing to Koss Aerospace, a Tier-2 manufacturer of structural aircraft components and assemblies. The funds are being used to finance the acquisition of state of the art...
Read Story
November 22, 2013, 06:45 AM
|
Bibby Financial Services announced Jeffrey Morse has been appointed to the position of Risk Director. Morse previously served in high-level management roles at several companies, including Chase Commercial Corp., Fleet Credit Corp., Bank of America...
Read Story
October 30, 2013, 06:38 AM
|
HNA Group Company Limited (HNA) of China, a leading diversified industrial and services company, and Bravia Capital (Bravia) of Hong Kong, announced the completion of HNA’s acquisition of TIP Trailer Services Group (TIP) a wholly owned subsidiary of...
Read Story
October 24, 2013, 07:01 AM
|
GE Capital's Transportation Finance business and Clean Energy Fuels Corp., the largest provider of natural gas fuel for transportation in North America, have entered into a strategic alliance to accelerate the conversion of heavy-duty trucking fleets...
Read Story
October 22, 2013, 06:59 AM
|
GE Capital, Corporate Finance announced that Joe McMullin has been appointed senior vice president—equipment finance. He will be based in Cleveland, Ohio and will specialize in developing financing solutions for middle market companies across...
Read Story
October 11, 2013, 07:01 AM
|
GE Capital’s Commercial Distribution Finance (CDF) business announced that it plans to expand its inventory financing capabilities and coverage of the commercial foodservice and refrigeration industries across the U.S. and Canada. CDF has been...
Read Story
October 03, 2013, 06:56 AM
|
As Wendy’s restaurants undergo a total brand transformation — which includes “re-imaging” existing restaurants and developing new ones as well as a new marketing, logo and packaging — GE Capital’s Franchise Finance (GEFF) business has provided a $100...
Read Story
September 26, 2013, 06:57 AM
|
The Board of Directors of General Electric Company has elected James E. Rohr, Chairman and former CEO of The PNC Financial Services Group, as a GE director. He was elected by the GE Board at its meeting today. “Jim Rohr has tremendous experience in...
Read Story
September 16, 2013, 07:02 AM
|
GE Capital Fleet Services announced it is releasing new technology enhancements for customers as part of a phased build up to the launch of its new and improved fleet management platform later this year. The new enhancements for fleet managers are...
Read Story
September 12, 2013, 06:55 AM
|
JPMorgan Chase & Co. announced that its Board of Directors intends to elect Linda B. Bammann and Michael A. Neal as directors of the company. Ms. Bammann is expected to be elected on September 16, while Mr. Neal is expected to join the Board in...
Read Story
September 10, 2013, 07:02 AM
|
Recreational vehicle (RV) manufacturers are seeing double-digit growth and RV dealers are selling through products at an increasing rate, said GE Capital, Commercial Distribution Finance (CDF). That’s consistent with the positive activity seen in the...
Read Story
September 05, 2013, 07:00 AM
|
Reuters reported General Electric Co plans to spin off the U.S. consumer lending operations of GE Capital, as the conglomerate moves to focus on its core indtrial operations, the Wall Street Journal reported, citing people familiar with the...
Read Story
August 30, 2013, 07:00 AM
|
The Wall Street Journal reported a federal bankruptcy judge in Florida has granted approval to a lawsuit alleging GE Capital knew that one of its clients, Thomas Petters, was operating a Ponzi scheme. According to the Wall Street Journal Law Blog...
Read Story
August 26, 2013, 07:02 AM
|
GE Capital’s Telecom, Media and Technology (TMT) financing business today announced it completed more than 30 transactions totaling $2.7 billion in financing during the first half of 2013. The TMT business addresses the financial needs of customers...
Read Story
August 23, 2013, 06:50 AM
|
Businesses continue to invest in information technology (IT) equipment, albeit at a lower rate and despite concerns about U.S. macro-economic headwinds, GE Capital said. That may be a positive development for the office imaging (OI) industry.The OI...
Read Story
August 21, 2013, 06:52 AM
|
GE Capital’s Commercial Distribution Finance (CDF) business said it has seen positive trends in the Canadian marine, motorsports and recreational vehicle (RV) industries through the first half of the year. It expects favorable conditions to continue...
Read Story
August 13, 2013, 06:50 AM
|
GE Capital, Equipment Finance has extended its 44-year vendor financing relationship with multiple Doosan businesses through December 2017. The agreement provides inventory and retail financing for Doosan and Bobcat-branded equipment in the U.S. and...
Read Story
August 09, 2013, 07:00 AM
|
GE announced Marisa Harney has been appointed vice president and chief risk officer of GE Capital Americas, GE Capital’s North American lending and leasing business. In this role, Marisa will lead the independent risk team responsible for managing...
Read Story
August 08, 2013, 07:02 AM
|
GE Capital’s Retail Finance business is celebrating 80 years of providing financial solutions to retailers. GE Capital’s Retail Finance business traces its roots to the 1930s when the economy was rebounding and consumers wanted payment options to...
Read Story
July 30, 2013, 06:52 AM
|
Successive quarters of strong performance by the nation's nearly 200,000 middle market companies is fueling increased confidence in the national and global economies. According to the latest Middle Market Indicator (MMI), a survey of 1,000 middle...
Read Story
July 24, 2013, 07:08 AM
|
GE Capital, Corporate Finance announced that Janice Lajoie has been appointed senior vice president—equipment. She will be based in the Scottsdale, AZ, office where she will specialize in providing equipment financing solutions for businesses in...
Read Story
July 23, 2013, 07:02 AM
|
GE announced today second-quarter 2013 operating earnings of $3.7 billion, down 8% from the second quarter of 2012. Revenues were $35.1 billion for the quarter, down 4% from the year-ago period.According to the report, GE Capital progressed with its...
Read Story
July 19, 2013, 07:10 AM
|
AloStar Business Credit has announced the launch of its Lender Finance Division, and named Wells Fargo and GE Commercial Finance veteran Luke Graham managing director. Graham will spearhead a team of AloStar professionals – John David Gettmann...
Read Story
July 18, 2013, 07:10 AM
|
The nation's 33,000 middle market manufacturing companies are increasingly leveraging advanced manufacturing techniques to generate increased revenue and productivity growth. A new report released by the National Center for the Middle Market (NCMM)...
Read Story
July 18, 2013, 06:57 AM
|
Reuters reported the U.S. financial risk council on Tuesday said it has designated American International Group and GE Capital as systemically risky, bringing them under stricter regulatory oversight. The Financial Stability Oversight Council's...
Read Story
July 10, 2013, 07:00 AM
|
According to the GE Capital 2Q 2013 Construction Industry Research Monitor, the housing recovery strengthened in 2012 and is expected to experience additional but more gradual growth in 2013, supported by low mortgage rates. The report notes...
Read Story
July 09, 2013, 07:02 AM
|
GE Capital, Corporate Finance announced that Garrett Myers will take on the role of vice president—equipment finance. He will be based in the Cleveland Ohio office where he will specialize in developing financing solutions for middle market...
Read Story
July 08, 2013, 07:00 AM
|
Bloomberg reported that GE Capital and American International Group Inc. (AIG) will not fight a decision by regulators that they pose potential risks to the economy.The Bloomberg report quotes Russel Wilkerson, a spokesman for GE Capital saying, “We...
Read Story
July 03, 2013, 07:05 AM
|
BR Williams Trucking Inc., a trucking, warehousing and logistics company based in Oxford, AL recently completed a three-facility lighting retrofit project that shines more efficient light on 1.2 million square feet of warehouse space. GE Capital...
Read Story
June 28, 2013, 07:01 AM
|
GE Capital announced that it is financing ready-mix concrete firm Ozinga Bros.’ purchase of concrete trucks, loaders and other equipment powered by compressed natural gas (CNG). The financing will also be used to purchase GE’s CNG fueling stations...
Read Story
June 27, 2013, 07:12 AM
|
HNA Group Company Limited (HNA) of China, a leading diversified services and integrated operations company announced they have agreed to acquire GE Capital's TIP Trailer Services, a European market leading provider of transport equipment leasing...
Read Story
June 24, 2013, 07:10 AM
|
GE Capital, Corporate Finance announced that the teams specializing in the purchase and sale of equipment loans and leases in the secondary market will now collectively report to Lou Vigliotti, senior managing director, Capital Markets. The...
Read Story
June 18, 2013, 07:00 AM
|
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...
Read Story
June 13, 2013, 06:45 AM
|
Reuters reported regulators on Monday proposed designating GE Capital, American International Group Inc, and Prudential Financial for heightened regulatory oversight. According to the report, the Financial Stability Oversight Council said it had...
Read Story
June 04, 2013, 07:08 AM
|
Element Financial Corporation (“Element” ) and GE Capital (“GE Capital”) announced that they have entered into a definitive asset purchase agreement (the “Agreement”) whereby Element acquires GE Capital’s Canadian fleet portfolio and the two...
Read Story
June 03, 2013, 07:08 AM
|
The Wall Street Journal reported that Michael Neal, GE Capital Chief Executive, said that he expects the the finance unit to be designated “systemically important” by U.S. financial regulators soon.
According to the Wall Street Journal report...
Read Story
June 03, 2013, 07:05 AM
|
Bloomberg Businessweek said that according to a Wall Street Journal report, General Electric is evaluating successors to Michael Neal, who may step down as chief executive officer and chairman of GE Capital as soon as this summer. The management...
Read Story
May 30, 2013, 07:15 AM
|
Reuters reported Kristi Colburn, global head of GE Capital Markets, will retire from the company effective the end of June after 19 years with the company.Additionally, according to the Reuters report, Stewart Koenigsberg will succeed Colburn as...
Read Story
May 30, 2013, 06:37 AM
|
Mayor Rahm Emanuel and World Business Chicago Vice-Chairman Michael Sacks announced Friday that Jeff Malehorn has been selected as the new president & CEO of World Business Chicago. “Jeff Malehorn is an outstanding choice for a critical role in the...
Read Story
May 28, 2013, 07:00 AM
|
GE Capital Fleet Services announced the results of its 18th annual fleet passenger car maintenance study, which found that overall fleet car maintenance costs increased by seven percent in 2012 compared to 2011. Although scheduled maintenance costs...
Read Story
May 22, 2013, 06:53 AM
|
GE announced today that the Board of Directors of GE Capital Corporation (GECC) had approved plans for GECC to pay $6.5 billion in dividends in 2013 to GE. Earnings-dividend payments, which are subject to GECC Board and GE Board Risk Committee...
Read Story
May 20, 2013, 07:15 AM
|
Forty-four percent of fleet managers cited maximizing productivity as their primary concern in managing their company’s truck fleet, according to a recent survey conducted by GE Capital Fleet Services.Highlighting fleet managers’ increased focus on...
Read Story
May 14, 2013, 07:00 AM
|
GE stated it increased its workforce in Chicago by adding 500 jobs in the city since announcing the company’s commitment to grow its local employee base in May 2011.Of the 500 jobs, the majority have been within GE Capital; however, other GE...
Read Story
May 10, 2013, 07:11 AM
|
GE Capital Equipment Finance has signed a three-year agreement to provide financing for commercial purchases of Global Electric Motorcars (GEM). Owned by Polaris Industries Inc., GEM produces electric low-speed vehicles that are typically used by...
Read Story
May 03, 2013, 07:15 AM
|
Matrix Medical Network, the nation's leading provider of prospective health assessments for Medicare Advantage (MA) plan members, and GE Capital Fleet Services, have collaborated to create a fleet vehicle program to support Matrix's more than 500...
Read Story
April 25, 2013, 07:34 AM
|
GE Capital’s Commercial Distribution Finance (CDF) business is adding resources to support Canadian manufacturers and dealers of agricultural equipment. Through increased credit capacity and an expanded, experienced sales force, CDF plans to...
Read Story
April 24, 2013, 07:00 AM
|
GE Capital’s Equipment Finance business, a long-time provider of wholesale and retail financing for equipment manufacturers, is establishing a business development group, led by 28-year GE Capital veteran Jim Kelly. He adds this new role to his...
Read Story
April 23, 2013, 07:23 AM
|
GE announced today first-quarter 2013 operating earnings of $4.1 billion, up 14% from the first quarter of 2012. GAAP earnings from continuing operations were $3.6 billion, up 13%. Revenues were $35.0 billion for the quarter, flat with the year-ago...
Read Story
April 19, 2013, 07:06 AM
|
On an item posted to the Fox Business news website, The Wall Street Journal reported that General Electric Co. (GE) Chairman and Chief Executive Jeff Immelt said Tuesday that the company may consider spinning off GE Capital to simplify its structure...
Read Story
March 20, 2013, 07:27 AM
|
GE Capital, Corporate Finance announced it provided $16 million in equipment financing to the Dutra Group, Inc. The funds refinance existing debt used to support the company’s marine fleet. Headquartered in San Rafael, CA, the Dutra Group focuses...
Read Story
March 13, 2013, 07:10 AM
|
According to the March 2013 GE Capital Technology & Business Services Industry Research Update, the early outlook for 2013 remains conservative among most technology original equipment manufacturers (OEMs) which are calling for “positive yet tepid...
Read Story
March 11, 2013, 07:15 AM
|
GE Antares, a unit of GE Capital, announced today it closed more than 220 senior loan transactions, totaling $15.3 billion in financing, during 2012."Helping build and strengthen the middle market is central to our business," said John Martin...
Read Story
February 27, 2013, 07:14 AM
|
LEAF Commercial Capital, Inc. (“LEAF”)announced that Gina Downing has joined the organization as the new Regional Sales Manager for the Southwest sales region. She brings many years of leasing experience to LEAF with an emphasis on office products...
Read Story
February 26, 2013, 07:23 AM
|
GE announced the sale of its remaining 49% common equity interest in its joint venture with Comcast, which includes NBCUniversal (NBCU), as well as the NBCU floors in 30 Rockefeller Center, for $18.1 billion. Under the terms of the transaction, GE...
Read Story
February 13, 2013, 07:15 AM
|
According to survey results released today by GE Capital, Equipment Finance, participants in the construction equipment industry are more optimistic about 2013, with 75 percent saying they expect retail sales of construction equipment to increase by...
Read Story
February 08, 2013, 07:30 AM
|
GE Capital, Corporate Finance announced the addition of Colin Guheen as a senior vice president on its food and beverage industry team, where he will underwrite and manage commercial finance for mid-sized companies across the U.S. Mr. Guheen comes to...
Read Story
February 01, 2013, 06:53 AM
|
GE announced today fourth-quarter 2012 operating earnings of $4.7 billion, up 13% from the fourth quarter of 2011. GAAP earnings from continuing operations were $4.3 billion, up 9%. Revenues were $39.3 billion for the quarter, up 4%, and $147.4...
Read Story
January 18, 2013, 07:31 AM
|
Ninety-six percent of 1,000 middle market business leaders questioned in a recent survey say they have strong preferences for the outcome of the ongoing fiscal cliff negotiations. The survey, released by the National Center for the Middle Market, was...
Read Story
December 24, 2012, 07:39 AM
|
GE Capital’s Commercial Distribution Finance (CDF) business says it is optimistic about the outlook for the RV industry and remains committed to providing flexible inventory financing (floorplan) products."RV sales are often tied to economic...
Read Story
November 20, 2012, 06:30 AM
|
The sentiment of Canadian chief financial officers (CFOs) of middle-market companies on the state of their own industry and the strength of the national economy remained steady and positive in the third quarter, according to the latest GE Capital Mid...
Read Story
November 09, 2012, 07:00 AM
|
GE Capital Retail Bank and The Toro Company recently announced a multi-year extension of their exclusive private label credit card program. GE Capital’s Retail Finance business, the operating entity that provides financial solutions to retailers and...
Read Story
November 08, 2012, 07:07 AM
|
GE Capital, Franchise Finance provided a $74 million loan to Team Schostak Family Restaurants, an Applebee’s International, Inc. and Burger King® franchisee. The financing will be used to fund the acquisition of 65 new Applebee’s units. “GE Capital...
Read Story
November 06, 2012, 06:16 AM
|
Polycom, Inc., the global leader in open standards-based unified communications and collaboration (UC&C), today introduced a series of new customer financing options that put comprehensive, tailored UC&C solutions within reach of more customers....
Read Story
October 30, 2012, 11:10 AM
|
GE announced today third-quarter 2012 Operating Earnings of $3.8 billion, or $0.36 per share, up 10% and 50% respectively from the third quarter of 2011. Excluding the effects of the third-quarter 2011 preferred stock redemption, operating earnings...
Read Story
October 19, 2012, 07:30 AM
|
Deutsche Bank and GE Aero Energy, a General Electric Company business that manufactures gas turbines and other power equipment, have announced their collaboration to introduce new risk management and working capital solutions for complex projects in...
Read Story
October 16, 2012, 06:24 AM
|
Bloomberg reported that GE Capital is in the final stage of a regulatory review to determine if it needs extra scrutiny because of the risk that its potential failure would pose to the U.S. economy, two people with direct knowledge of the matter said...
Read Story
October 08, 2012, 07:52 AM
|
U.S. chief financial officers (CFOs) of middle-market companies surveyed this summer remain generally positive about the state of their own industries and continue to see measured growth over the next three years, according to the latest GE Capital...
Read Story
September 28, 2012, 07:00 AM
|
GE Capital Fleet Services today announced the appointment of Kristi Webb as president and chief executive officer. Webb replaces Clarence Nunn, who was recently appointed chief commercial officer for GE Capital, Americas. Webb was previously General...
Read Story
September 11, 2012, 06:44 AM
|
Genpact, a global leader in business process management and technology services, announced an agreement for supporting the financial and portfolio management processes of Abu Dhabi-based Mubadala GE Capital PJSC, a specialized commercial finance...
Read Story
August 28, 2012, 06:31 AM
|
Bloomberg reported that according to Barlclays Plc., GE Capital is poised to become a better risk than JPMorgan Chase in the $24.8 trillion credit-default swap market for the first time in more than four years. The Bloomberg report quotes Brian...
Read Story
August 15, 2012, 07:42 AM
|
GE Capital's Commercial Distribution Finance (CDF) business today announced a new $30 million inventory finance program with Logicalis, Inc. The new supplier facility enables Logicalis to finance inventory purchases from specific original equipment...
Read Story
August 13, 2012, 06:15 AM
|
GE Capital’s Commercial Distribution Finance (CDF) business announced it will be the strategic floorplan finance provider to Nautic Global Group, Inc. (NGG), a major U.S. boat manufacturer. The jointly developed program is available immediately to...
Read Story
August 08, 2012, 07:00 AM
|
GE Capital, Commercial Distribution Finance (CDF) announced a new distribution finance program that allows HP reseller partners to extend their repayment terms when they buy certain HP products from select distributors.The new finance program, which...
Read Story
August 06, 2012, 07:00 AM
|
GE Capital’s Office Imaging (OI) business announces the launch of the mobile version of Leasingsource, its comprehensive online sales productivity tool. OI dealers will be able to submit and track deals using iPads and iPhones and receive credit...
Read Story
July 27, 2012, 07:00 AM
|
GE announced today second-quarter 2012 Operating Earnings of $4.0 billion, up 7% from the second-quarter of 2011. GAAP earnings from continuing operations (attributable to GE) were $3.7 billion, up 2%. Revenues were $36.5 billion for the quarter, up...
Read Story
July 20, 2012, 07:44 AM
|
A fleet of approximately 27,000 over-the-road trailers previously owned by Transport International Pool, Inc. ("TIP"), a subsidiary of General Electric Capital Corporation, was acquired by Wood Creek Capital Management ("Wood Creek"), Bowman Sales...
Read Story
July 20, 2012, 07:19 AM
|
GE Capital’s Commercial Distribution Finance (CDF) business has agreed to provide Brammo Inc. with inventory financing to support the expansion of its dealer network in the U.S. The Ashland, OR-based manufacturer designs and develops electric...
Read Story
July 11, 2012, 07:00 AM
|
The Wall Street Journal/MarketWatch reported GE Capital, intends to grow its German leasing business substantially and has a four-year plan to at least double total assets in that segment, citing Joachim Secker, the chief executive of GE Capital...
Read Story
June 18, 2012, 07:50 AM
|
GE Capital, Commercial Distribution Finance (CDF) today announced significant upgrades to its online inventory finance management tool used by dealers across a wide range of durable consumer products industries including recreational vehicles, marine...
Read Story
June 15, 2012, 07:00 AM
|
The Wall Street Journal reported General Electric is considering breaking off large parts of its lending business in response to investor concerns that the conglomerate has become one of the largest banks in the U.S.Despite the recent strides made by...
Read Story
June 11, 2012, 08:00 AM
|
Reuters reported GE Capital expects Europe's financial troubles to take a toll on its profitability but regards the risk as "manageable," the unit's head, Michael Neal, told an investor conference on Thursday.The report quotes Neal saying, "If trends...
Read Story
June 01, 2012, 06:30 AM
|
Star Tribune reported that GE Capital has agreed to repay $19 million in interest and principal it received from the $3.65 billion Ponzi scheme orchestrated by Tom Petters, the former Wayzata businessman.According to the report, the settlement is the...
Read Story
May 31, 2012, 08:00 AM
|
Great American Group, LLC , a leading provider of asset disposition, valuation and appraisal services, has announced the appointment of Stuart Armstrong as President of GA Capital. "We're pleased to have someone of Stuart's caliber joining us," said...
Read Story
May 30, 2012, 06:35 AM
|
Forty-six percent of fleet managers cite cost savings as the primary focus of executive management as it relates to their company’s fleet operations, according to a recent survey conducted by GE Capital Fleet Services. This was followed by on-time...
Read Story
May 25, 2012, 06:30 AM
|
Reuters reported General Electric plans to continue shrinking its finance arm, pulling back from consumer finance and reducing its real estate holdings. According to the report, the company also expects GE Capital’s profit growth to be at a...
Read Story
May 24, 2012, 08:00 AM
|
GE announced today that the Board of Directors of GE Capital Corporation (GECC) has declared a quarterly dividend of $475 million payable to its parent GE in the second quarter 2012. 2012 dividend payments, which are subject to GECC Board approval...
Read Story
May 16, 2012, 07:45 AM
|
Canadian chief financial officers of middle-market companies are positive about the current state of their own industry as well as the domestic economy, according to the first Canadian Mid-Market CFO Survey by GE Capital, Canada. Moreover, 40% of...
Read Story
May 08, 2012, 07:30 AM
|
GE Capital’s Industry Research Monitor for Spring 2012 indicates the construction industry experienced small but consistent quarterly improvements in virtually all metrics providing positive momentum for 2012.According to the report, total...
Read Story
April 30, 2012, 08:10 AM
|
The National Center for the Middle Market (NCMM) today announced that the middle market, a leading indicator of America's future competitiveness, grew at a rate of 8.4% in the past year, but expects future revenue growth will slow according to...
Read Story
April 26, 2012, 07:30 AM
|
GE announced today first-quarter 2012 Operating Earnings of $3.6 billion, up 1% from the first-quarter of 2011. Operating EPS was up 17% excluding one-time items. GAAP earnings from continuing operations (attributable to GE) were $3.3 billion, down...
Read Story
April 20, 2012, 08:15 AM
|
U.S. chief financial officers (CFOs) of middle-market companies have grown more positive about the state of their industries and businesses as well as the state of the domestic economy over the last six months, according to the latest middle-market...
Read Story
April 16, 2012, 07:30 AM
|
Moody's Investors Service downgraded the senior unsecured debt rating of General Electric Company (GE) to Aa3 from Aa2 and the senior unsecured rating of its wholly-owned finance subsidiary, General Electric Capital Corporation (GECC), to A1 from Aa2...
Read Story
April 04, 2012, 07:45 AM
|
The American restaurant industry is starting to simmer. Consumers are spending more on meals, and foot traffic at establishments is improving, albeit from a diminished base, according to the 22nd edition of the Chain Restaurant Industry Review...
Read Story
March 28, 2012, 06:30 AM
|
Moody's Investors Service placed the Aa2 senior unsecured ratings of General Electric Company (GE) and General Electric Capital Corporation (GECC) under review for possible downgrade. The Prime-1 short-term ratings for both companies were affirmed....
Read Story
March 20, 2012, 08:00 AM
|
GE Capital’s Spring 2012 Industry Research Monitor on Truck Transportation indicates the U.S. economy and freight indicators are holding steady. According to the report, high asset age, increased capacity utilization and improving used equipment...
Read Story
March 19, 2012, 07:45 AM
|
City National Bank announced that it has hired four new bankers in Seattle to focus on franchise finance and will open a loan production office in Seattle this year as part of a nationwide expansion effort. The new bankers came from GE Capital...
Read Story
March 13, 2012, 08:00 AM
|
In his annual letter to shareowners, Jeff Immelt, Chief Executive Office of GE said, “GE Capital has strengthened its balance sheet immensely,” adding, “Our Capital team has executed on every commitment it made during the financial crisis. We have...
Read Story
March 12, 2012, 07:30 AM
|
Expanding its renewable energy portfolio in Texas, GE Energy Financial Services has joined JP Morgan to jointly invest $225 million in a partnership that owns the 662.5-megawatt Capricorn Ridge wind farm in West Texas. A subsidiary of NextEra Energy...
Read Story
February 29, 2012, 06:00 AM
|
Key Equipment Finance has named Jonathan Katz as vice president of business development for its Canadian operations. In this role, Katz will be based out of the Canadian office in Burlington, Ontario, and be responsible for enhancing, structuring and...
Read Story
February 21, 2012, 01:00 PM
|