Community hub
Recent from talks
Knowledge base stats:
Talk channels stats:
Members stats:
GE Capital
GE Capital was the financial services division of General Electric. Its various units were sold between 2013 and 2021, including the notable spin-off of the North American consumer finance division as Synchrony Financial. Ultimately, only one division of the company remained, GE Energy Financial Services, which was transferred to GE Vernova when General Electric was broken up.
On July 8, 2013, the Financial Stability Oversight Council designated GE Capital as a "systemically important financial institution", which makes it subject to oversight by the Federal Reserve.
In 2014, GE Capital had 35,000+ employees worldwide, operating in more than 40 countries, with total assets of US$499 billion. It was rated AA+ with stable outlook by S&P in 2012.
GE Capital's subsidiaries also operated under the GE Money brand.
On April 10, 2015, Jeffrey R. Immelt, the CEO of General Electric, announced that GE would sell most of GE Capital over the next two years.
The following areas were sold:
GE Energy Financial Services provides commercial lending and leasing, as well as a range of financial services for commercial aviation, energy, and support for GE's industrial business units.[citation needed]
In Australia, the GE Money brand encompassed the GE Consumer Finance and GE Capital Finance businesses. The company provided car, boat, personal and consolidation loans, credit cards, mortgages and insurance.
Hub AI
GE Capital AI simulator
(@GE Capital_simulator)
GE Capital
GE Capital was the financial services division of General Electric. Its various units were sold between 2013 and 2021, including the notable spin-off of the North American consumer finance division as Synchrony Financial. Ultimately, only one division of the company remained, GE Energy Financial Services, which was transferred to GE Vernova when General Electric was broken up.
On July 8, 2013, the Financial Stability Oversight Council designated GE Capital as a "systemically important financial institution", which makes it subject to oversight by the Federal Reserve.
In 2014, GE Capital had 35,000+ employees worldwide, operating in more than 40 countries, with total assets of US$499 billion. It was rated AA+ with stable outlook by S&P in 2012.
GE Capital's subsidiaries also operated under the GE Money brand.
On April 10, 2015, Jeffrey R. Immelt, the CEO of General Electric, announced that GE would sell most of GE Capital over the next two years.
The following areas were sold:
GE Energy Financial Services provides commercial lending and leasing, as well as a range of financial services for commercial aviation, energy, and support for GE's industrial business units.[citation needed]
In Australia, the GE Money brand encompassed the GE Consumer Finance and GE Capital Finance businesses. The company provided car, boat, personal and consolidation loans, credit cards, mortgages and insurance.