Perspective
14 April 2015
GE to offload most of GE Capital as regulations hit home
Region:
Americas
US multinational conglomerate General Electric (GE) has announced it will sell off the bulk of assets in its sprawling financial arm GE Capital by 2018, as it looks to focus on its core industrial businesses. The move comes as GE Capital’s performance has faltered in recent years, with the company struggling under the weight of the increased regulatory scrutiny coming out of the financial crisis.
