GE Capital

Latest stories

2d
Brisbane Times
Clive Palmer companies fend off money lender's demand over private jet debtand QNI Metals applied to the Brisbane Supreme Court to set aside a statutory d
Clive Palmer companies fend off money lender's demand over private jet debt
Brisbane Times / Posted 2 days ago
and QNI Metals applied to the Brisbane Supreme Court to set aside a statutory demand from Harrenvale Australasia, formerly GE Capital, over the $25.8 million debt. Clive Palmer boards his private jet on the campaign trail. Palmer Aviation took out... Read more
5 related stories
2d
WA Today
Clive Palmer companies fend off money lender's demand over private jet debtand QNI Metals applied to the Brisbane Supreme Court to set aside a statutory d
Clive Palmer companies fend off money lender's demand over private jet debt
WA Today / Posted 2 days ago
and QNI Metals applied to the Brisbane Supreme Court to set aside a statutory demand from Harrenvale Australasia, formerly GE Capital, over the $25.8 million debt. Clive Palmer boards his private jet on the campaign trail. Palmer Aviation took out... Read more
5 related stories
2d
The Age
Clive Palmer companies fend off money lender's demand over private jet debtand QNI Metals applied to the Brisbane Supreme Court to set aside a statutory d
Clive Palmer companies fend off money lender's demand over private jet debt
The Age / Posted 2 days ago
and QNI Metals applied to the Brisbane Supreme Court to set aside a statutory demand from Harrenvale Australasia, formerly GE Capital, over the $25.8 million debt. Clive Palmer boards his private jet on the campaign trail. Palmer Aviation took out... Read more
5 related stories
2d
Sydney Morning Herald
Clive Palmer companies fend off money lender's demand over private jet debtand QNI Metals applied to the Brisbane Supreme Court to set aside a statutory d
Clive Palmer companies fend off money lender's demand over private jet debt
Sydney Morning Herald / Posted 2 days ago
and QNI Metals applied to the Brisbane Supreme Court to set aside a statutory demand from Harrenvale Australasia, formerly GE Capital, over the $25.8 million debt. Clive Palmer boards his private jet on the campaign trail. Palmer Aviation took out... Read more
5 related stories
2d
Canberra Times
Clive Palmer companies fend off money lender's demand over private jet debtand QNI Metals applied to the Brisbane Supreme Court to set aside a statutory d
Clive Palmer companies fend off money lender's demand over private jet debt
Canberra Times / Posted 2 days ago
and QNI Metals applied to the Brisbane Supreme Court to set aside a statutory demand from Harrenvale Australasia, formerly GE Capital, over the $25.8 million debt. Clive Palmer boards his private jet on the campaign trail. Palmer Aviation took out... Read more
5 related stories
2d
Sky News Australia
Palmer wins legal battle over $26m debtand QNI Metals applied to the Brisbane Supreme Court to set aside a statutory d
Palmer wins legal battle over $26m debt
Sky News Australia / Posted 2 days ago
and QNI Metals applied to the Brisbane Supreme Court to set aside a statutory demand from Harrenvale Australasia, formerly GE Capital, over a $25.8 million loan used to buy a private jet. At a hearing on Friday, Justice Peter Lyons granted the... Read more
5 related stories
2d
Reuters
Italy's Banca IFIS to buy Interbanca from GE Capital for 2 billion eurosMILAN Italian bank Banca IFIS (IF.MI) said on Thursday it had agreed to buy GE
Italy's Banca IFIS to buy Interbanca from GE Capital for 2 billion euros
Reuters / Posted 2 days ago
MILAN Italian bank Banca IFIS (IF.MI) said on Thursday it had agreed to buy GE Capital's (GE.N) financial unit GE Capital Interbanca in a 2 billion euros ($2.2 billion) deal. The deal, which will see IFIS take on Interbanca's debt of around 1.8... Read more
3d
Business Wire
GE to Sell Its Shares in GE Capital Interbanca S.p.A to Banca IFIS S.p.AFAIRFIELD, Conn.--(BUSINESS WIRE)--GE (NYSE:GE) has entered into an agreement w
GE to Sell Its Shares in GE Capital Interbanca S.p.A to Banca IFIS S.p.A
Business Wire / Posted 3 days ago
FAIRFIELD, Conn.--(BUSINESS WIRE)--GE (NYSE:GE) has entered into an agreement with Banca IFIS S.p.A to sell its shares in GE Capital Interbanca S.p.A in Italy. The transaction includes employees of the business and represents ending net investment... Read more
3d
Reuters
Fast growth, dating services come between Sofi and bank license: CEOidea of becoming an industrial loan corporation, which was used in the past by
Fast growth, dating services come between Sofi and bank license: CEO
Reuters / Posted 3 days ago
idea of becoming an industrial loan corporation, which was used in the past by companies like General Electric Co's GE Capital, is attractive, Cagney said. But he added that a more likely option would be a partnership with another financial... Read more
8d
Market Watch
GE’s earnings report may not be wrong, but it may still mislead investorsyear-over-year comparisons when the company has reached agreements for the sale
GE’s earnings report may not be wrong, but it may still mislead investors
Market Watch / Posted 8 days ago
year-over-year comparisons when the company has reached agreements for the sale of over $180 billion in assets under its GE Capital Exit Plan. General Electric press release The changes GE made to its earnings report show that it got the SEC’s... Read more
3 related stories
8d
Newsmax
GE Orders Drop, Led by Weakness in Oil and Transportationsales from early last year through the second quarter. The company, which plans
GE Orders Drop, Led by Weakness in Oil and Transportation
Newsmax / Posted 8 days ago
sales from early last year through the second quarter. The company, which plans to retain only the portions of GE Capital that support its manufacturing operations, received approval from regulators last month to drop its designation as... Read more
10 related stories
8d
FOX Business
General Electric's Stock Slides Despite Profit Beatbuybacks. It shed its designation as a non-bank systemically important financi
General Electric's Stock Slides Despite Profit Beat
FOX Business / Posted 8 days ago
buybacks. It shed its designation as a non-bank systemically important financial institution after divesting most of its GE Capital business, a change expected to free about $18 billion in capital, which GE had pledged to return to shareholders... Read more
10 related stories
8d
FOX Business
General Electric's Stock Slides Despite Profit Beatbuybacks. It shed its designation as a non-bank systemically important financi
General Electric's Stock Slides Despite Profit Beat
FOX Business / Posted 8 days ago
buybacks. It shed its designation as a non-bank systemically important financial institution after divesting most of its GE Capital business, a change expected to free about $18 billion in capital, which GE had pledged to return to shareholders... Read more
10 related stories
8d
FOX Business
General Electric Reports 4 Different EPS Numberscomparisons are difficult as the company has recorded both gains and losses fro
General Electric Reports 4 Different EPS Numbers
FOX Business / Posted 8 days ago
comparisons are difficult as the company has recorded both gains and losses from sales of several businesses as part of its GE Capital exit plan, acquired Alstom and recognized pension costs and restructuring charges. The actual bottom line based on... Read more
3 related stories
8d
FOX Business
General Electric Reports 4 Different EPS Numberscomparisons are difficult as the company has recorded both gains and losses fro
General Electric Reports 4 Different EPS Numbers
FOX Business / Posted 8 days ago
comparisons are difficult as the company has recorded both gains and losses from sales of several businesses as part of its GE Capital exit plan, acquired Alstom and recognized pension costs and restructuring charges. The actual bottom line based on... Read more
3 related stories
8d
Channel NewsAsia
GE profit beats estimates as power revenue jumpsbuybacks. It shed its designation as a non-bank systemically important financi
GE profit beats estimates as power revenue jumps
Channel NewsAsia / Posted 8 days ago
buybacks. It shed its designation as a non-bank systemically important financial institution after divesting most of its GE Capital business, a change expected to free about US$18 billion in capital, which GE had pledged to return to shareholders... Read more
10 related stories
8d
Market Watch
General Electric reports 4 different EPS numberscomparisons are difficult as the company has recorded both gains and losses fro
General Electric reports 4 different EPS numbers
Market Watch / Posted 8 days ago
comparisons are difficult as the company has recorded both gains and losses from sales of several businesses as part of its GE Capital exit plan, acquired Alstom and recognized pension costs and restructuring charges. The actual bottom line based on... Read more
3 related stories
8d
Market Watch
GE swings to profit, revenue rises 15%said its industrial profit slipped 5.4% to $4.1 billion in the quarter. Last m
GE swings to profit, revenue rises 15%
Market Watch / Posted 8 days ago
said its industrial profit slipped 5.4% to $4.1 billion in the quarter. Last month, the conglomerate's lending arm, GE Capital, successfully shed its designation as a "systemically important" financial institution -- a label that had... Read more
10 related stories
10d
Market Watch
Republicans warming to Glass-Steagall just as Wall Street earnings show little need for itHarvey Schwartz was teasing the new consumer lending product they’ll introduce
Republicans warming to Glass-Steagall just as Wall Street earnings show little need for it
Market Watch / Posted 10 days ago
Harvey Schwartz was teasing the new consumer lending product they’ll introduce to the Main Street customers they got in the GE Capital Bank deal. Whatever that is, it’s not the 2007 business model. The only way in which Wall Street is the same is... Read more
33 related stories
10d
Daily Herald
Wintrust reports $50 million 2Q net incomeof 2016, we expect to complete the previously announced acquisition of certain
Wintrust reports $50 million 2Q net income
Daily Herald / Posted 10 days ago
of 2016, we expect to complete the previously announced acquisition of certain performing loans from an affiliate of GE Capital Franchise Finance. Also, the previously announced acquisition of First Community Financial Corporation located in... Read more
51 related stories
11d
CNBC
These rags-to-riches stocks could be earnings standoutsexpects to meets its full-year target. Things have been looking up for GE sinc
These rags-to-riches stocks could be earnings standouts
CNBC / Posted 11 days ago
expects to meets its full-year target. Things have been looking up for GE since they announced the majority sale of GE capital in April. General Electric has successfully sold $180 billion of the $200 billion in assets it was prepared to... Read more
12d
AdWeek
New Orleans Advertising Legend Peter Mayer Dies at 86eventually, in the entire Gulf region. Its client portfolio has included such n
New Orleans Advertising Legend Peter Mayer Dies at 86
AdWeek / Posted 12 days ago
eventually, in the entire Gulf region. Its client portfolio has included such names as The New Orleans Saints, CenturyLink, GE Capital, the Kennedy Space Center, the New Orleans Tourism Marketing Corporation, Zatarain's and the National WWII... Read more
13d
The Hindu
Ensure quality through certificationIndia’s stolen heritage from across the world. It’s intriguing that after worki
Ensure quality through certification
The Hindu / Posted 13 days ago
India’s stolen heritage from across the world. It’s intriguing that after working in hardcore finance sectors with GE Capital, Deutsche Bank and other companies, and heading strategy and change teams across the U.S., Europe and Asia at... Read more
14d
Manila Standard Today
Why Swedish lady banker lends to first-time Filipino borrowersis growing. The middle class here is growing,” says Witschard, who was based in
Why Swedish lady banker lends to first-time Filipino borrowers
Manila Standard Today / Posted 14 days ago
is growing. The middle class here is growing,” says Witschard, who was based in Stockholm, Sweden as chief executive of GE Capital Nordics, before she joined Home Credit Philippines which is headquartered in Pasig City. Home Credit Philippines... Read more
15d
Chattanooga Times Free Press
First Tennessee profits up as loans, deposits increasethe (growing loan) demand to continue through the rest of the year." First Hor
First Tennessee profits up as loans, deposits increase
Chattanooga Times Free Press / Posted 15 days ago
the (growing loan) demand to continue through the rest of the year." First Horizon's pending $637 million purchase of restaurant franchise loans from GE Capital was not reflected in its quarter results. That is expected to close later this qua... Read more
15d
Zero Hedge
When Energy Loans Go Bad: Why America's Largest Bank Is Slidingup $474 million, or 3%, from the $17.4 billion in 4Q15 on drawn lines and the
When Energy Loans Go Bad: Why America's Largest Bank Is Sliding
Zero Hedge / Posted 15 days ago
up $474 million, or 3%, from the $17.4 billion in 4Q15 on drawn lines and the acquisition of $236 million in loans from GE Capital Outstandings include $819 million second lien and $374 million of mezzanine loans Wells reports that ~7%, or... Read more
28 related stories
16d
Business Wire
Preston Hollow Capital Continues Growth, Adding Credit and Asset Management Talentof the real property components of the firm’s investments. Prior to joining PH
Preston Hollow Capital Continues Growth, Adding Credit and Asset Management Talent
Business Wire / Posted 16 days ago
of the real property components of the firm’s investments. Prior to joining PHC, Mr. Shull spent 26 years with GE Capital Real Estate, most recently as Territory Risk Manager. His responsibilities included the management of the credit... Read more
17d
Perth Now
Billabong revolves credit facilitymillion (A$131.5 million) asset-based credit facility with Bank of America Merr
Billabong revolves credit facility
Perth Now / Posted 17 days ago
million (A$131.5 million) asset-based credit facility with Bank of America Merrill Lynch. The agreement replaces the GE Capital facility that was entered into in December 2013 and provides Billabong with improved terms and flexibility. The... Read more
2 related stories
17d
The Courier Mail
Billabong revolves credit facilitymillion (A$131.5 million) asset-based credit facility with Bank of America Merr
Billabong revolves credit facility
The Courier Mail / Posted 17 days ago
million (A$131.5 million) asset-based credit facility with Bank of America Merrill Lynch. The agreement replaces the GE Capital facility that was entered into in December 2013 and provides Billabong with improved terms and flexibility. The... Read more
2 related stories
17d
Adelaide Now
Billabong revolves credit facilitymillion (A$131.5 million) asset-based credit facility with Bank of America Merr
Billabong revolves credit facility
Adelaide Now / Posted 17 days ago
million (A$131.5 million) asset-based credit facility with Bank of America Merrill Lynch. The agreement replaces the GE Capital facility that was entered into in December 2013 and provides Billabong with improved terms and flexibility. The... Read more
2 related stories
18d
FOX Business
Wells Fargo: Second-Quarter Earnings Previewthough, a little less than half the increase came from the bank's purchase of $
Wells Fargo: Second-Quarter Earnings Preview
FOX Business / Posted 18 days ago
though, a little less than half the increase came from the bank's purchase of $30.8 billion worth of loans and leases from GE Capital. Higher loan losses are also weighing on Wells Fargo's bottom line. Credit quality is strong throughout the bank... Read more
31 related stories
18d
FOX Business
Wells Fargo: Second-Quarter Earnings Previewthough, a little less than half the increase came from the bank's purchase of $
Wells Fargo: Second-Quarter Earnings Preview
FOX Business / Posted 18 days ago
though, a little less than half the increase came from the bank's purchase of $30.8 billion worth of loans and leases from GE Capital. Continue Reading Below Higher loan losses are also weighing on Wells Fargo's bottom line. Credit quality is... Read more
31 related stories
18d
Zero Hedge
Spot The Year Of The Tax Inversionnot dramatic rate,” said Power. “There are so many transactions going on that n
Spot The Year Of The Tax Inversion
Zero Hedge / Posted 18 days ago
not dramatic rate,” said Power. “There are so many transactions going on that nobody understands.” And finally, GE Capital Aviation Services moving their balance sheet onshore may have helped boost Ireland's GDP growth to 26%, Mint... Read more
3 related stories
19d
The Daily Record
Harris Thompson, U.S. Rep. John Sarbanes, Andrew Flott and Dr. Kevin Banks | The Y in Central MarylandPivot, Harris was the president of the North Region for American Anesthesiology
Harris Thompson, U.S. Rep. John Sarbanes, Andrew Flott and Dr. Kevin Banks | The Y in Central Maryland
The Daily Record / Posted 19 days ago
Pivot, Harris was the president of the North Region for American Anesthesiology and held several management positions at GE Capital, GE Corporate Audit Staff and GE’s Six Sigma Initiatives. He graduated from Syracuse University with a bachelor’s... Read more
22d
Business Wire
General Electric Company Announces Completion of Offers to Register Outstanding Notes of GE Capital International Funding Company Unlimited Company Issued in October 2015 Exchange OfferFAIRFIELD, Conn.--(BUSINESS WIRE)--General Electric Company (“GE”) today announ
General Electric Company Announces Completion of Offers to Register Outstanding Notes of GE Capital International Funding Company Unlimited Company Issued in October 2015 Exchange Offer
Business Wire / Posted 22 days ago
FAIRFIELD, Conn.--(BUSINESS WIRE)--General Electric Company (“GE”) today announced that its subsidiary, GE Capital International Funding Company Unlimited Company, formerly GE Capital International Funding Company (“GECIF”), has completed its... Read more
23d
Chicago Tribune
GE Capital, Zebra Technologies among employers warning of layoffs in IllinoisGE Capital is shedding 41 workers in its downtown Chicago office as part of the
GE Capital, Zebra Technologies among employers warning of layoffs in Illinois
Chicago Tribune / Posted 23 days ago
GE Capital is shedding 41 workers in its downtown Chicago office as part of the company's plan to exit financial services and focus on its industrial businesses. The job cuts were among 600 layoffs that Illinois employers reported to the state last... Read more
23d
The Economic Times
Finance giants, PEs & tech companies eye GE’s SBI Card stakesmillion (Rs 2,345-2,680 crore) at the least. Last April, GE had taken a call t
Finance giants, PEs & tech companies eye GE’s SBI Card stakes
The Economic Times / Posted 23 days ago
million (Rs 2,345-2,680 crore) at the least. Last April, GE had taken a call to sell majority of worldwide assets under GE Capital as part of a decision to exit financial services and concentrate on the traditional industrial businesses. It had... Read more
23d
New Kerala
SBI Card looks at 25% growth in card base - newkerala.com #87146Kolkata, July 7 : SBI Card, a joint venture of the State Bank of India and GE C
SBI Card looks at 25% growth in card base - newkerala.com #87146
New Kerala / Posted 23 days ago
Kolkata, July 7 : SBI Card, a joint venture of the State Bank of India and GE Capital, is looking at a 25 per cent growth in its card base and around 33 per cent growth in spend in the current fiscal, a top company official said on Thursday. Aimed... Read more
2 related stories
23d
New Kerala
SBI Card looks at 25% growth in card base - newkerala.com #87099Kolkata, July 7 : SBI Card, a joint venture of the State Bank of India and GE C
SBI Card looks at 25% growth in card base - newkerala.com #87099
New Kerala / Posted 23 days ago
Kolkata, July 7 : SBI Card, a joint venture of the State Bank of India and GE Capital, is looking at a 25 per cent growth in its card base and around 33 per cent growth in spend in the current fiscal, a top company official said on Thursday. Aimed... Read more
2 related stories
24d
Stamford Advocate
Amid lower leasing in Fairfield County, Charter adds space at Stamford HQFargo’s lease for just over 70,000 square feet of space at Lee Farm Corporate P
Amid lower leasing in Fairfield County, Charter adds space at Stamford HQ
Stamford Advocate / Posted 24 days ago
Fargo’s lease for just over 70,000 square feet of space at Lee Farm Corporate Park in Danbury, where the bank is moving GE Capital commercial lending operations it acquired earlier this year that had been located in Norwalk. Norwalk is... Read more
24d
Connecticut Post
Amid lower leasing in Fairfield County, Charter adds space at Stamford HQFargo’s lease for just over 70,000 square feet of space at Lee Farm Corporate P
Amid lower leasing in Fairfield County, Charter adds space at Stamford HQ
Connecticut Post / Posted 24 days ago
Fargo’s lease for just over 70,000 square feet of space at Lee Farm Corporate Park in Danbury, where the bank is moving GE Capital commercial lending operations it acquired earlier this year that had been located in Norwalk. Norwalk is... Read more
25d
The Economic Times
L&T Finance, once India’s GE Cap, looks like IDFC of yesteryearswork force, and looking for equity investors in some business. The company, on
L&T Finance, once India’s GE Cap, looks like IDFC of yesteryears
The Economic Times / Posted 25 days ago
work force, and looking for equity investors in some business. The company, once expected to be an Indian version of GE Capital, is looking to remain relevant in chosen businesses than being in many as competition intensifies from both... Read more
25d
MLive.com
Why HopCat's Chicago opening is a big deal for ownerafter graduating from Michigan State. After earning his MBA, Sellers worked as
Why HopCat's Chicago opening is a big deal for owner
MLive.com / Posted 25 days ago
after graduating from Michigan State. After earning his MBA, Sellers worked as an analyst and investment manager at GE Capital and Morningstar before starting his own firm, Sellers Capital. Shortly after moving back to Grand Rapids, Sellers... Read more
26d
The Economic Times
MFIN elects R Baskar Babu as new presidentof experience in financial services and banking and has earlier worked with Fir
MFIN elects R Baskar Babu as new president
The Economic Times / Posted 26 days ago
of experience in financial services and banking and has earlier worked with First Leasing, Cholamandalam, HDFC Bank and GE Capital in various leadership positions. The MFIN board has also inducted Dibyajyoti Pattnaik, CEO, Annapurna... Read more
2 related stories
26d
New Kerala
MFIN appoints R Baskar Babu as new President - newkerala.com #85722of experience in financial services and banking and has earlier worked with Fir
MFIN appoints R Baskar Babu as new President - newkerala.com #85722
New Kerala / Posted 26 days ago
of experience in financial services and banking and has earlier worked with First Leasing, Cholamandalam, HDFC Bank and GE Capital in various leadership positions. Rakesh Dubey has more than 18 years of experience in the micro finance domain... Read more
2 related stories
28d
Crain's Chicago Business
Why private equity's woman problem keeps getting worse“People need to focus more on it.” She started looking at other options. After
Why private equity's woman problem keeps getting worse
Crain's Chicago Business / Posted 28 days ago
“People need to focus more on it.” She started looking at other options. After a brief stint as an account manager with GE Capital in Chicago, she heard about the perfect opening at Exelon as the manager in charge of private-equity investments... Read more
29d
Boston Globe
State Street completes deal for GE asset management businessBoston this summer. The industrial giant has been selling off financial busines
State Street completes deal for GE asset management business
Boston Globe / Posted 29 days ago
Boston this summer. The industrial giant has been selling off financial businesses and scaling back another of its units, GE Capital, to focus on its core technology and energy areas. GE Capital had grown so large that the parent company was... Read more
30d
Business Wire
Wells Fargo Completes Acquisition of GE Capital’s Commercial Distribution Finance Business in Asiacollateral management, and related financial products. Wells Fargo acquired the
Wells Fargo Completes Acquisition of GE Capital’s Commercial Distribution Finance Business in Asia
Business Wire / Posted 30 days ago
collateral management, and related financial products. Wells Fargo acquired the North American business of CDF from GE Capital on March 1, 2016 and the Asia business of CDF on July 1, 2016. The acquisition for the other international CDF... Read more
30d
The Hill
Obama signs Puerto Rico bill | Trump steps up attacks on trade | Dodd-Frank backers cheer 'too big to fail' decision | New pressure to fill Ex-Im boardthousands of hard working men and women across the United States," the senators
Obama signs Puerto Rico bill | Trump steps up attacks on trade | Dodd-Frank backers cheer 'too big to fail' decision | New pressure to fill Ex-Im board
The Hill / Posted 30 days ago
thousands of hard working men and women across the United States," the senators wrote. DODD-FRANK BACKERS HEAP PRAISE ON GE CAPITAL DECISION: Proponents of the Dodd-Frank financial reform law are taking a victory lap after regulators relaxed... Read more
30d
Darien News-Review
Synchrony Financial CEO gives keynote speech at business council eventdata scientists now, who are looking to really have a major impact on instituti
Synchrony Financial CEO gives keynote speech at business council event
Darien News-Review / Posted 30 days ago
data scientists now, who are looking to really have a major impact on institutions.” The Synchrony head worked 18 years at GE Capital, a run that included three years as president and CEO of the firm’s Retail Finance business. Keane has earned a... Read more
2 related stories
More

People in this news