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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 American consumer finance division as Synchrony Financial.
In 2004, GE Money (formerly GE Consumer Finance), owned by General Electric, bought WMC Mortgage for about $500 million. [ 1 ] [ 2 ] WMC Mortgage catered to consumers with less than perfect borrower profiles.
General Electric in Schenectady, New York, aerial view, 1896 Plan of Schenectady plant, 1896 [18] General Electric Building at 570 Lexington Avenue, New York. During 1889, Thomas Edison (1847–1931) had business interests in many electricity-related companies, including Edison Lamp Company, a lamp manufacturer in East Newark, New Jersey; Edison Machine Works, a manufacturer of dynamos and ...
GE Capital Retail Finance Celebrates 80 Years of Consumer Financing Focus on Major Retailers, Mid-Size Businesses and Merchants Builds Success through All Cycles STAMFORD, Conn.--(BUSINESS WIRE ...
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From 2010 to late 2014, GE Appliances & Lighting was a sub-business under GE Home & Business Solutions. [ 12 ] On September 8, 2014, General Electric agreed to sell the company to Electrolux , a Swedish appliance manufacturer and the second-largest consumer appliance manufacturer after Whirlpool Corporation , for US$3.3 billion in cash.
Latitude’s core business is in consumer finance through a variety of services including secured and unsecured personal loans, credit cards, car loans and interest free retail finance. [1] As of 2018 it had around a 6% share of Australia’s personal lending market, making it the biggest non-bank lender of consumer credit in Australia. [2]
GE Commercial Finance was a unit of GE Capital, [1] (one of five major operating divisions of General Electric). Headquartered in Norwalk , Connecticut , United States, it plays a role in over 35 countries and had assets of over US$ 335 billion at year end 2007.