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WSJ: GE Weighs Deeper Cuts to GE Capital

March 12, 2015, 07:00 AM
Filed Under: Industry News

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 to The Wall Street Journal report, GE has made clear it would hold on to functions like aircraft leasing and energy and health care financing, which support its industrial operations. But it has come to see  commercial lending as dispensable if it can secure permission from regulators and the right price, the people said.

To read The Wall Street Journal report, click here - (subscription required).

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