The Traderszone Network

Published in TZ Latest News 20 April, 2015 by The TZ Newswire Staff

GE in talks to sell lending, leasing portfolio to Wells Fargo: source

The talks with Wells Fargo underscore GE’s urgency in looking to dismantle its GE Capital business and free itself from the financial regulatory pressures that come with it. GE earlier this month unveiled plans to exit the bulk of GE Capital over the next few years to focus more on industrial manufacturing. Chief Financial Officer Jeff Bornstein told analysts on the company’s quarterly conference call last week that GE was seeing “incredible” interest in the GE Capital assets.