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GE Capital was the financial services division of General Electric. [1] Its various units were sold between 2013 and 2021, including the notable spin-off of the North ...
GE sold its remaining stake in the company in February 2006 for $2.8 billion. [11] [12] [13] In June 2006, the company agreed to buy AssetMark Investment Services for $230 million. [14] In 2007, another GE Capital insurance company, First Colony Life Insurance Company, merged with the company's life insurance division and became the surviving ...
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Shares of General Electric (GE) slumped more than 1.5% in morning trading Thursday, adding to the conglomerate's recent losses amid a tariff scare that has seen investors ditch major U.S ...
General Electric (GE) proceeds with its intended shrinking of GE Capital business. It sells $1.5 billion worth of medical equipment financing portfolio to TIAA Bank.
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The transaction simplifies GE and focuses it on its industrial core—Power, Renewable Energy, Aviation, and Healthcare—while significantly reducing GE Capital assets and generating proceeds to further de-risk and de-lever. For the first quarter of 2021, in connection with signing the transaction agreement, GE will record an approximate $3 ...
Nicknamed “the house that Jack built,” GE routinely outperformed peers and the broader market, helped in part by GE Capital, its financial wing. Through the 1990s, it returned 1,120.6% on ...