The Traderszone Network

Published in TZ Latest News 30 June, 2015 by The TZ Newswire Staff

GE Capital CEO sees asset sale pace speeding up in third quarter

“We’re going to pick up the pace in the third quarter,” GE Capital Chief Executive Keith Sherin told Reuters in an interview. GE, which is shedding $200 billion in finance assets to focus on industrial manufacturing, earlier on Tuesday announced the $2.2 billion sale of its European private equity financing business to Japan’s Sumitomo Mitsui Banking Corp. A day earlier, GE said it had agreements to shed its fleet management arm.

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