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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
G.E.’s Retrieval of Overseas Cash Highlights Tax Debate
New York Times 04.10.2015
G.E. to Retreat From Finance in Post-Crisis Reorganization
New York Times 04.10.2015
Wall Street Journal 04.13.2015
General Electric: Banking on de-banking
Economist 04.18.2015
Wall Street Journal 04.01.2016
Jeff Immelt to Step Down as CEO of GE; John Flannery Takes Role
WSJ 06.12.2017
Under Immelt, GE Was the Worst Performer in the Dow
WSJ 06.12.2017
GE Warns It Might Put Subprime Lending Unit Into Bankruptcy
WSJ 05.03.2018
G.E. to Spin Off Health Care Division as Part of Major Reshaping
New York Times 06.26.2018
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