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GE Weighs Deeper Cuts in Banking Arm

Wall Street Journal Original article ›

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GE (General Electric) plans for GE Capital in 2015- getting out of the banking business

03/13/2015

GE CEO said Immelt said following GE's experience in the banking business during the 2008 financial crisis when its share price dropped to $6, that this is one he "had'nt got right." Moves in 2014 and 2015 including the acquisition of Alstom's business was designed to bring his legacy at General Electric to end on the right note, as one who focussed on GE's historic strengths, and getting out of banking.

Grouped Articles

GE Weighs Deeper Cuts in Banking Arm

Wall Street Journal 03/13/2015

Investor Group to Buy GE Capital’s Australia, New Zealand Consumer-Lending Unit

Wall Street Journal 03/16/2015

GE CEO Notes Banking Arm’s Weak Returns

Wall Street Journal 03/17/2015

GE Seeks Exit from Banking Business

Wall Street Journal 04/10/2015

Do-It-All Era Ending as G.E. Returns to Core

New York Times 04/10/2015

The Lessons for Finance in the GE Capital Retreat

New York Times 04/10/2015

GE (General Electric) plans to acquire Alstom's energy business to reduce dependence on GE Capital for earnings

04/25/2014

Shareholders are pressuring GE to reduce its dependence on GE Capital for earnings since the days of the 2008 financial crisis. The move to acquire Alstom's energy unit helps GE accomplish this.

Grouped Articles

GE Is in Talks to Buy Alstom's Energy Business

Wall Street Journal 04/25/2014

France's Hollande Meets With GE, Siemens Chiefs About Alstom

Wall Street Journal 04/28/2014

Stakes High for GE's Immelt in Alstom Fray

Wall Street Journal 04/28/2014

GE Heads to Paris to Save Alstom Deal

Wall Street Journal 05/16/2014

GE-Alstom Deal: French Fear Losing Control of Nuclear Assets

Wall Street Journal 06/14/2014

France Lifts Hurdle to GE-Alstom Deal

Wall Street Journal 06/24/2014


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