Anonymous ID: caa13a Nov. 16, 2018, 12:27 p.m. No.3929646   🗄️.is đź”—kun

GE nearly went down in 2007 Buffet saved them with a very expensive well secured loan.

https://en.wikipedia.org/wiki/GE_Capital

>>3929560

GE Capital

GE Capital.svg

Type

Subsidiary

Industry Financial services

Founded 1932; 86 years ago

Headquarters Norwalk, Connecticut, United States

Area served

Worldwide

Key people

Richard Laxer

(Chairman and CEO)

Parent General Electric

Divisions GE Capital Aviation Services

GE Energy Financial Services

GE Industrial Finance

GE Commercial Finance

Website www.gecapital.com

 

Once commonly seen leased rolling stock General Electric Rail Services Corp. covered hopper car 'NAHX 44703' and GE Capital Rail Services car 'NCHX 38781' in the Duryea yard, Duryea/West Pittston, Pennsylvania in July 2013. GE Transportation has consolidated or sold off both subsidiary functions. (View looking toward Sayre and Waverly, NY.)

GE Capital is the financial services unit of the American multinational conglomerate General Electric.[1] It 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.

 

In April 2015, GE announced its plan to create a simpler, more valuable company by reducing the size of its financial businesses through the sale of most GE Capital assets.

 

GE Capital’s verticals are now aligned to drive growth in GE’s core industrial businesses – GE Capital Aviation Services (GECAS), Energy Financial Services (EFS) and GE Industrial Finance, which will include the Healthcare Equipment Finance business, Working Capital Solutions (WCS), and other financing activities to develop lending and leasing products for the GE Store. One financing center that serves the entire GE system, GE Treasury, and several specialty insurance platforms, are also a part of the "new" GE Capital.