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GE Capital was the financial services division of General Electric. [1] Its various units were sold between 2013 and 2021, including the notable spin-off of the North American consumer finance division as Synchrony Financial.
GE sold its remaining stake in the company in February 2006 for $2.8 billion. [11] [12] [13] In June 2006, the company agreed to buy AssetMark Investment Services for $230 million. [14] In 2007, another GE Capital insurance company, First Colony Life Insurance Company, merged with the company's life insurance division and became the surviving ...
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The transaction simplifies GE and focuses it on its industrial core—Power, Renewable Energy, Aviation, and Healthcare—while significantly reducing GE Capital assets and generating proceeds to further de-risk and de-lever. For the first quarter of 2021, in connection with signing the transaction agreement, GE will record an approximate $3 ...
About GE Capital GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via ...
GE Capital Retail Bank and JCPenney Extend Private Label and Dual Card Credit Program Multi-year Renewal Builds on 14-Year Relationship and Growth in U.S. Retail Sector STAMFORD, Conn. & PLANO ...
GE Capital Retail Bank and La-Z-Boy Continue Furnishing Consumer Credit Card Program Credit Card Program Available at Nearly 780 Locations Nationwide STAMFORD, Conn. & MONROE, Mich.--(BUSINESS ...
Genpact was founded in 1997 as a unit of General Electric. [6] The company was founded as GE Capital International Services (GECIS) in Gurgaon.Starting with 20 employees under the leadership of CEO Pramod Bhasin, its charter was to provide business process outsourcing solutions to GE's businesses.