What happened to GE Capital?
GE Capital’s American restaurant finance operations were sold to First Horizon National Corporation, Wintrust Financial and Sterling Bancorp. Its hotel franchise operations were sold to Western Alliance Bancorp. GE Capital Aviation Services (GECAS) was sold to AerCap in 2021.
What is the future for General Electric?
General Electric’s shares appear to be poised for a rebound, based on an analysis of the stock’s sell-side analyst price targets. The mean consensus target price for GE is $124.71, which is +25% higher than the company’s last traded share price of $99.95 as of January 6, 2022.
Does GE Healthcare still exist?
GE Healthcare is a subsidiary of American multinational conglomerate General Electric incorporated in New York and headquartered in Chicago, Illinois. As of 2017, it is a manufacturer and distributor of diagnostic imaging agents and radiopharmaceuticals for imaging modalities used in medical imaging procedures.
What does GE Capital do?
We’re GE Capital GE Capital is the financial services division of GE, focused on serving customers and markets aligned with GE’s industrial businesses.
Who owns GE Capital sponsor finance?
GE Capital Sponsor Finance was sold to Canada Pension Plan Investment Board and Sumitomo Mitsui Banking Corporation. GE Capital Real Estate was sold to The Blackstone Group and Wells Fargo. The majority of GE Commercial Lending & Leasing was sold to Wells Fargo.
What did GE Capital pay to the CFPB?
The bank was also required to pay an additional $3.5 million in civil penalties to the CFPB’s Civil Penalty Fund for deceptive credit card marketing. On March 13, 2014, GE Capital announced that it would spin its North American consumer finance division off under the new name Synchrony Financial through an initial public offering (IPO).
Does GE Capital own MetLife Bank?
GE Capital Retail Bank acquired MetLife Bank from MetLife in 2011. As of June 2, 2014, GE Capital Retail Bank is now known as Synchrony Bank. GE Capital was then composed only of the original commercial/industrial bank in the United States.