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</ul> </li> <li id="toc-Hong_Kong" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Hong_Kong"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.7</span> <span>Hong Kong</span> </div> </a> <ul id="toc-Hong_Kong-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Hungary" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Hungary"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.8</span> <span>Hungary</span> </div> </a> <ul id="toc-Hungary-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-India" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#India"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.9</span> <span>India</span> </div> </a> <ul id="toc-India-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Italy" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Italy"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.10</span> <span>Italy</span> </div> </a> <ul id="toc-Italy-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Ireland" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Ireland"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.11</span> <span>Ireland</span> </div> </a> <ul id="toc-Ireland-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Latvia" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Latvia"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.12</span> <span>Latvia</span> </div> </a> <ul id="toc-Latvia-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Japan" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Japan"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.13</span> <span>Japan</span> </div> </a> <ul id="toc-Japan-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Netherlands" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Netherlands"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.14</span> <span>Netherlands</span> </div> </a> <ul id="toc-Netherlands-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-New_Zealand" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#New_Zealand"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.15</span> <span>New Zealand</span> </div> </a> <ul id="toc-New_Zealand-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Norway" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Norway"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.16</span> <span>Norway</span> </div> </a> <ul id="toc-Norway-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Philippines" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Philippines"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.17</span> <span>Philippines</span> </div> </a> <ul id="toc-Philippines-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Poland" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Poland"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.18</span> <span>Poland</span> </div> </a> <ul id="toc-Poland-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Romania" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Romania"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.19</span> <span>Romania</span> </div> </a> <ul id="toc-Romania-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Russia" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Russia"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.20</span> <span>Russia</span> </div> </a> <ul id="toc-Russia-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Sweden" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Sweden"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.21</span> <span>Sweden</span> </div> </a> <ul id="toc-Sweden-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Switzerland" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Switzerland"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.22</span> <span>Switzerland</span> </div> </a> <ul id="toc-Switzerland-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-United_Kingdom" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#United_Kingdom"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.23</span> <span>United Kingdom</span> </div> </a> <ul id="toc-United_Kingdom-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-United_States" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#United_States"> <div class="vector-toc-text"> <span class="vector-toc-numb">3.24</span> <span>United States</span> </div> </a> <ul id="toc-United_States-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Legal_issues" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Legal_issues"> <div class="vector-toc-text"> <span class="vector-toc-numb">4</span> <span>Legal issues</span> </div> </a> <ul id="toc-Legal_issues-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Divestment" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Divestment"> <div class="vector-toc-text"> <span class="vector-toc-numb">5</span> <span>Divestment</span> </div> </a> <ul id="toc-Divestment-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-References" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#References"> <div class="vector-toc-text"> <span class="vector-toc-numb">6</span> <span>References</span> </div> </a> <ul id="toc-References-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-External_links" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#External_links"> <div class="vector-toc-text"> <span class="vector-toc-numb">7</span> <span>External links</span> </div> </a> <ul id="toc-External_links-sublist" class="vector-toc-list"> </ul> </li> </ul> </div> </div> </nav> </div> </div> <div class="mw-content-container"> <main id="content" class="mw-body"> <header class="mw-body-header vector-page-titlebar"> <nav aria-label="Contents" class="vector-toc-landmark"> <div id="vector-page-titlebar-toc" class="vector-dropdown vector-page-titlebar-toc vector-button-flush-left" title="Table of Contents" > <input type="checkbox" id="vector-page-titlebar-toc-checkbox" role="button" aria-haspopup="true" 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Available in 12 languages" > <label id="p-lang-btn-label" for="p-lang-btn-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--action-progressive mw-portlet-lang-heading-12" aria-hidden="true" ><span class="vector-icon mw-ui-icon-language-progressive mw-ui-icon-wikimedia-language-progressive"></span> <span class="vector-dropdown-label-text">12 languages</span> </label> <div class="vector-dropdown-content"> <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li class="interlanguage-link interwiki-azb mw-list-item"><a href="https://azb.wikipedia.org/wiki/%D8%AC%DB%8C%E2%80%8C%D8%A7%DB%8C_%DA%A9%D9%BE%DB%8C%D8%AA%D8%A7%D9%84" title="جی‌ای کپیتال – South Azerbaijani" lang="azb" hreflang="azb" data-title="جی‌ای کپیتال" data-language-autonym="تۆرکجه" data-language-local-name="South Azerbaijani" class="interlanguage-link-target"><span>تۆرکجه</span></a></li><li class="interlanguage-link interwiki-cs mw-list-item"><a href="https://cs.wikipedia.org/wiki/GE_Capital" title="GE Capital – Czech" lang="cs" hreflang="cs" data-title="GE Capital" data-language-autonym="Čeština" data-language-local-name="Czech" class="interlanguage-link-target"><span>Čeština</span></a></li><li class="interlanguage-link interwiki-fa mw-list-item"><a href="https://fa.wikipedia.org/wiki/%D8%AC%DB%8C%E2%80%8C%D8%A7%DB%8C_%DA%A9%D9%BE%DB%8C%D8%AA%D8%A7%D9%84" title="جی‌ای کپیتال – Persian" lang="fa" hreflang="fa" data-title="جی‌ای کپیتال" data-language-autonym="فارسی" data-language-local-name="Persian" class="interlanguage-link-target"><span>فارسی</span></a></li><li class="interlanguage-link interwiki-fr mw-list-item"><a href="https://fr.wikipedia.org/wiki/GE_Capital" title="GE Capital – French" lang="fr" hreflang="fr" data-title="GE Capital" data-language-autonym="Français" data-language-local-name="French" class="interlanguage-link-target"><span>Français</span></a></li><li class="interlanguage-link interwiki-ko mw-list-item"><a href="https://ko.wikipedia.org/wiki/GE%EC%BA%90%ED%94%BC%ED%83%88" title="GE캐피탈 – Korean" lang="ko" hreflang="ko" data-title="GE캐피탈" data-language-autonym="한국어" data-language-local-name="Korean" class="interlanguage-link-target"><span>한국어</span></a></li><li class="interlanguage-link interwiki-id mw-list-item"><a href="https://id.wikipedia.org/wiki/GE_Capital" title="GE Capital – Indonesian" lang="id" hreflang="id" data-title="GE Capital" data-language-autonym="Bahasa Indonesia" data-language-local-name="Indonesian" class="interlanguage-link-target"><span>Bahasa Indonesia</span></a></li><li class="interlanguage-link interwiki-ms mw-list-item"><a href="https://ms.wikipedia.org/wiki/GE_Capital" title="GE Capital – Malay" lang="ms" hreflang="ms" data-title="GE Capital" data-language-autonym="Bahasa Melayu" data-language-local-name="Malay" class="interlanguage-link-target"><span>Bahasa Melayu</span></a></li><li class="interlanguage-link interwiki-nl mw-list-item"><a href="https://nl.wikipedia.org/wiki/GE_Capital" title="GE Capital – Dutch" lang="nl" hreflang="nl" data-title="GE Capital" data-language-autonym="Nederlands" data-language-local-name="Dutch" class="interlanguage-link-target"><span>Nederlands</span></a></li><li class="interlanguage-link interwiki-ja mw-list-item"><a href="https://ja.wikipedia.org/wiki/GE%E3%82%AD%E3%83%A3%E3%83%94%E3%82%BF%E3%83%AB" title="GEキャピタル – Japanese" lang="ja" hreflang="ja" data-title="GEキャピタル" data-language-autonym="日本語" data-language-local-name="Japanese" class="interlanguage-link-target"><span>日本語</span></a></li><li class="interlanguage-link interwiki-ro mw-list-item"><a href="https://ro.wikipedia.org/wiki/GE_Capital" title="GE Capital – Romanian" lang="ro" hreflang="ro" data-title="GE Capital" data-language-autonym="Română" data-language-local-name="Romanian" class="interlanguage-link-target"><span>Română</span></a></li><li class="interlanguage-link interwiki-sv mw-list-item"><a href="https://sv.wikipedia.org/wiki/GE_Capital" title="GE Capital – Swedish" lang="sv" hreflang="sv" data-title="GE Capital" data-language-autonym="Svenska" data-language-local-name="Swedish" class="interlanguage-link-target"><span>Svenska</span></a></li><li class="interlanguage-link interwiki-tr mw-list-item"><a href="https://tr.wikipedia.org/wiki/GE_Capital" title="GE Capital – Turkish" lang="tr" hreflang="tr" data-title="GE Capital" data-language-autonym="Türkçe" data-language-local-name="Turkish" class="interlanguage-link-target"><span>Türkçe</span></a></li> </ul> <div class="after-portlet after-portlet-lang"><span class="wb-langlinks-edit wb-langlinks-link"><a href="https://www.wikidata.org/wiki/Special:EntityPage/Q969390#sitelinks-wikipedia" title="Edit interlanguage links" class="wbc-editpage">Edit links</a></span></div> </div> </div> </div> </header> <div class="vector-page-toolbar"> <div class="vector-page-toolbar-container"> <div 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screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1242257876">.mw-parser-output .ib-company .infobox-label{padding-right:0.5em}.mw-parser-output .ib-company .infobox-data,.mw-parser-output .ib-company .infobox-below{line-height:1.35em}.mw-parser-output .ib-company-logo img{background-color:#f8f9fa}.mw-parser-output .ib-company-locality,.mw-parser-output .ib-company-country{display:inline}</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org" style="font-size: 125%;">GE Capital</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span class="mw-default-size" typeof="mw:File/Frameless"><a href="/wiki/File:GE_Capital.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/en/thumb/3/38/GE_Capital.svg/220px-GE_Capital.svg.png" decoding="async" width="220" height="64" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/3/38/GE_Capital.svg/330px-GE_Capital.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/3/38/GE_Capital.svg/440px-GE_Capital.svg.png 2x" data-file-width="310" data-file-height="90" /></a></span></td></tr><tr><th scope="row" class="infobox-label">Formerly</th><td class="infobox-data nickname">General Electric Credit Corp. (Renamed in 1988)</td></tr><tr><th scope="row" class="infobox-label">Company type</th><td class="infobox-data category"><a href="/wiki/Subsidiary" title="Subsidiary">Subsidiary</a></td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category"><a href="/wiki/Financial_services" title="Financial services">Financial services</a></td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data">1932<span style="display: none;"> (<span class="bday dtstart published updated itvstart">1932</span>)</span></td></tr><tr><th scope="row" class="infobox-label">Defunct</th><td class="infobox-data">March 31, 2024<span style="display: none;"> (<span class="dtend itvend">2024-03-31</span>)</span></td></tr><tr><th scope="row" class="infobox-label">Fate</th><td class="infobox-data">Dissolved</td></tr><tr><th scope="row" class="infobox-label">Successor</th><td class="infobox-data"><style data-mw-deduplicate="TemplateStyles:r1126788409">.mw-parser-output .plainlist ol,.mw-parser-output .plainlist ul{line-height:inherit;list-style:none;margin:0;padding:0}.mw-parser-output .plainlist ol li,.mw-parser-output .plainlist ul li{margin-bottom:0}</style><div class="plainlist"><ul><li><a href="/wiki/GE_Energy_Financial_Services" title="GE Energy Financial Services">GE Energy Financial Services</a></li><li><a href="/wiki/Synchrony_Financial" title="Synchrony Financial">Synchrony Financial</a></li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data adr"><div class="ib-company-locality locality"><a href="/wiki/Norwalk,_Connecticut" title="Norwalk, Connecticut">Norwalk, Connecticut</a></div>, <div class="ib-company-country country-name">United States</div></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Area served</div></th><td class="infobox-data">Worldwide</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Key people</div></th><td class="infobox-data agent">Alec Burger (<a href="/wiki/Chairman" class="mw-redirect" title="Chairman">chairman</a> and <a href="/wiki/Chief_executive_officer" title="Chief executive officer">CEO</a>)</td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Parent_company" class="mw-redirect" title="Parent company">Parent</a></th><td class="infobox-data"><a href="/wiki/General_Electric" title="General Electric">General Electric</a></td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><span class="url"><a rel="nofollow" class="external text" href="https://www.gecapital.com">www<wbr />.gecapital<wbr />.com</a></span></td></tr></tbody></table> <p><b>GE Capital</b> was the <a href="/wiki/Financial_services" title="Financial services">financial services</a> division of <a href="/wiki/General_Electric" title="General Electric">General Electric</a>.<sup id="cite_ref-1" class="reference"><a href="#cite_note-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> Its various units were sold between 2013 and 2021, including the notable spin-off of the North American consumer finance division as <a href="/wiki/Synchrony_Financial" title="Synchrony Financial">Synchrony Financial</a>. Ultimately, only one division of the company remained, <a href="/wiki/GE_Energy_Financial_Services" title="GE Energy Financial Services">GE Energy Financial Services</a>, which was transferred to <a href="/wiki/GE_Vernova" title="GE Vernova">GE Vernova</a> when General Electric was broken up. </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="Overview">Overview</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=1" title="Edit section: Overview"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>On July 8, 2013, the Financial Stability Oversight Council designated GE Capital as a "<a href="/wiki/Systemically_important_financial_institution" title="Systemically important financial institution">systemically important financial institution</a>", which makes it subject to oversight by the Federal Reserve.<sup id="cite_ref-2" class="reference"><a href="#cite_note-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> </p><p>In 2014, GE Capital had 35,000+ employees worldwide, operating in more than 40 countries, with total assets of US$499 billion.<sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> It was rated AA+ with stable outlook by S&P in 2012.<sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> </p><p>GE Capital's subsidiaries also operated under the GE Money brand.<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Restructuring_plan">Restructuring plan</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=2" title="Edit section: Restructuring plan"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>On April 10, 2015, <a href="/wiki/Jeffrey_R._Immelt" class="mw-redirect" title="Jeffrey R. Immelt">Jeffrey R. Immelt</a>, the CEO of <a href="/wiki/General_Electric" title="General Electric">General Electric</a>, announced that GE would sell most of GE Capital over the next two years.<sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> </p><p>The following areas were sold: </p> <ul><li>GE Capital Sponsor Finance was sold to <a href="/wiki/Canada_Pension_Plan_Investment_Board" class="mw-redirect" title="Canada Pension Plan Investment Board">Canada Pension Plan Investment Board</a> and <a href="/wiki/Sumitomo_Mitsui_Banking_Corporation" title="Sumitomo Mitsui Banking Corporation">Sumitomo Mitsui Banking Corporation</a><sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup></li> <li>GE Capital Real Estate was sold to <a href="/wiki/The_Blackstone_Group" class="mw-redirect" title="The Blackstone Group">The Blackstone Group</a> and <a href="/wiki/Wells_Fargo" title="Wells Fargo">Wells Fargo</a>.<sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup></li> <li>The majority of GE Commercial Lending & Leasing was sold to Wells Fargo.<sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> Operations in Germany and France were sold to <a href="/wiki/Cr%C3%A9dit_Mutuel" title="Crédit Mutuel">Crédit Mutuel</a>.<sup id="cite_ref-11" class="reference"><a href="#cite_note-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup> Operations in Australia were sold to <a href="/wiki/Sankaty_Advisors" class="mw-redirect" title="Sankaty Advisors">Sankaty Advisors</a>.<sup id="cite_ref-12" class="reference"><a href="#cite_note-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup></li> <li><a href="/wiki/Mubadala" class="mw-redirect" title="Mubadala">Mubadala</a> GE Capital, a joint venture with <a href="/wiki/Mubadala_Development_Company" class="mw-redirect" title="Mubadala Development Company">Mubadala Development Company</a>, was sold to MidCap Financial, a portfolio company of <a href="/wiki/Apollo_Management" class="mw-redirect" title="Apollo Management">Apollo Management</a>.<sup id="cite_ref-13" class="reference"><a href="#cite_note-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup></li> <li><a href="/wiki/GE_Capital_Rail_Services" title="GE Capital Rail Services">GE Capital Rail Services</a> was sold to First Union Rail, a subsidiary of <a href="/wiki/Wells_Fargo" title="Wells Fargo">Wells Fargo</a>, and <a href="/wiki/Marmon_Group" title="Marmon Group">Marmon Group</a><sup id="cite_ref-14" class="reference"><a href="#cite_note-14"><span class="cite-bracket">[</span>14<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-15" class="reference"><a href="#cite_note-15"><span class="cite-bracket">[</span>15<span class="cite-bracket">]</span></a></sup></li> <li>GE Capital Bank was sold to <a href="/wiki/Goldman_Sachs" title="Goldman Sachs">Goldman Sachs</a>.<sup id="cite_ref-16" class="reference"><a href="#cite_note-16"><span class="cite-bracket">[</span>16<span class="cite-bracket">]</span></a></sup></li> <li>GE Healthcare Finance Services was sold to <a href="/wiki/Capital_One" title="Capital One">Capital One</a>.<sup id="cite_ref-17" class="reference"><a href="#cite_note-17"><span class="cite-bracket">[</span>17<span class="cite-bracket">]</span></a></sup></li> <li>GE Capital Equity was sold to <a href="/wiki/Ardian_(company)" title="Ardian (company)">Ardian</a>.<sup id="cite_ref-18" class="reference"><a href="#cite_note-18"><span class="cite-bracket">[</span>18<span class="cite-bracket">]</span></a></sup></li> <li>GE Capital Transportation Finance was sold to <a href="/wiki/BMO_Financial_Group" class="mw-redirect" title="BMO Financial Group">BMO Financial Group</a>.<sup id="cite_ref-19" class="reference"><a href="#cite_note-19"><span class="cite-bracket">[</span>19<span class="cite-bracket">]</span></a></sup></li> <li>GE Capital Corporate Finance ― Aircraft was sold to Global Jet Capital, a portfolio company of AE Industrial Partners, the <a href="/wiki/Carlyle_Group" class="mw-redirect" title="Carlyle Group">Carlyle Group</a> and <a href="/wiki/GSO_Capital_Partners" class="mw-redirect" title="GSO Capital Partners">GSO Capital Partners</a>.<sup id="cite_ref-20" class="reference"><a href="#cite_note-20"><span class="cite-bracket">[</span>20<span class="cite-bracket">]</span></a></sup></li> <li>GE Capital's Mexican equipment lending and leasing operations were sold to Linzor Capital Partners.<sup id="cite_ref-21" class="reference"><a href="#cite_note-21"><span class="cite-bracket">[</span>21<span class="cite-bracket">]</span></a></sup></li> <li><a href="/wiki/GE_Trailer_Fleet_Services" class="mw-redirect" title="GE Trailer Fleet Services">GE Trailer Fleet Services</a> was sold to Element Financial and <a href="/wiki/BNP_Paribas" title="BNP Paribas">Arval</a>.<sup id="cite_ref-22" class="reference"><a href="#cite_note-22"><span class="cite-bracket">[</span>22<span class="cite-bracket">]</span></a></sup></li> <li>GE Capital's Japanese capital finance, fleet service and vendor finance businesses were sold to <a href="/wiki/Sumitomo_Mitsui_Financial_Group" title="Sumitomo Mitsui Financial Group">Sumitomo Mitsui Financial Group</a><sup id="cite_ref-23" class="reference"><a href="#cite_note-23"><span class="cite-bracket">[</span>23<span class="cite-bracket">]</span></a></sup></li> <li>GE Capital's American restaurant finance operations were sold to <a href="/wiki/First_Horizon_National_Corporation" class="mw-redirect" title="First Horizon National Corporation">First Horizon National Corporation</a>, <a href="/wiki/Wintrust_Financial" title="Wintrust Financial">Wintrust Financial</a> and <a href="/wiki/Sterling_Bancorp" title="Sterling Bancorp">Sterling Bancorp</a>.<sup id="cite_ref-24" class="reference"><a href="#cite_note-24"><span class="cite-bracket">[</span>24<span class="cite-bracket">]</span></a></sup> Its hotel franchise operations were sold to Western Alliance Bancorp.<sup id="cite_ref-25" class="reference"><a href="#cite_note-25"><span class="cite-bracket">[</span>25<span class="cite-bracket">]</span></a></sup></li> <li><a href="/wiki/GE_Capital_Aviation_Services" title="GE Capital Aviation Services">GE Capital Aviation Services</a> (GECAS) was sold to <a href="/wiki/AerCap" title="AerCap">AerCap</a> in 2021.<sup id="cite_ref-26" class="reference"><a href="#cite_note-26"><span class="cite-bracket">[</span>26<span class="cite-bracket">]</span></a></sup></li> <li>Electric Insurance Company was sold to RiverStone International in 2024.<sup id="cite_ref-27" class="reference"><a href="#cite_note-27"><span class="cite-bracket">[</span>27<span class="cite-bracket">]</span></a></sup></li></ul> <div class="mw-heading mw-heading2"><h2 id="Current_operations">Current operations</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=3" title="Edit section: Current operations"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>GE Energy Financial Services provides commercial lending and leasing, as well as a range of financial services for <a href="/wiki/Commercial_aviation" title="Commercial aviation">commercial aviation</a>, <a href="/wiki/Energy" title="Energy">energy</a>, and support for GE's industrial business units.<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (December 2019)">citation needed</span></a></i>]</sup> </p> <div class="mw-heading mw-heading2"><h2 id="Former_operations">Former operations</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=4" title="Edit section: Former operations"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="mw-heading mw-heading3"><h3 id="Australia">Australia</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=5" title="Edit section: Australia"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In <a href="/wiki/Australia" title="Australia">Australia</a>, the GE Money brand encompassed the GE Consumer Finance and GE Capital Finance businesses. The company provided car, boat, personal and consolidation <a href="/wiki/Loans" class="mw-redirect" title="Loans">loans</a>, credit cards, mortgages and <a href="/wiki/Insurance" title="Insurance">insurance</a>. </p><p>In May 2002, GE purchased the <a href="/wiki/Australian_Guarantee_Corporation" title="Australian Guarantee Corporation">Australian Guarantee Corporation</a> (AGC) business from <a href="/wiki/Westpac" title="Westpac">Westpac</a>, and as a result, AGC Automotive Finance became GE Automotive Finance (GE Auto), and former retail finance competitor, AGC Creditline, became known as GE CreditLine.<sup id="cite_ref-28" class="reference"><a href="#cite_note-28"><span class="cite-bracket">[</span>28<span class="cite-bracket">]</span></a></sup> </p><p>GE Consumer Finance controlled most credit cards and loans and has a strategic partnership with <a href="/wiki/Coles_Group" title="Coles Group">Coles Group</a> to operate the Coles Group Source MasterCard. GE Consumer Finance governs the GE Creditline, GO MasterCard, gem Visa and Buyer's Edge cards which all offer interest-free terms at participating retailers. </p><p>GE Finance also had strategic financial relations with <a href="/wiki/Myer" title="Myer">Myer</a>, Australia's largest department store. In 2006 and 2007 Myer signed contracts with GE to issue and govern both the new Myer Card and the Myer Visa Card. GE was also the issuer of the old red ColesMyer card which is no longer an acceptable method of payment of Myer stores, this is following the decision of Myer being disenfranchised from the Coles Myer Group.<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (September 2020)">citation needed</span></a></i>]</sup> </p><p>In 2004, GE Capital Finance purchased the <a href="/wiki/Wizard_Home_Loans" class="mw-redirect" title="Wizard Home Loans">Wizard Home Loans</a> business.<sup id="cite_ref-29" class="reference"><a href="#cite_note-29"><span class="cite-bracket">[</span>29<span class="cite-bracket">]</span></a></sup> </p><p>On 24 October 2008, GE Money announced that it would cease offering motor finance in Australia and New Zealand. This move proved damaging to GE aligned dealerships who have been given 60 days to find an alternate financier to provide floorplan finance. GE Money also announced that it will be pulling out of the mortgage industry and no longer providing mortgages other than those sold under the Wizard Brand. </p><p>In December 2008, GE Money announced it was in advanced talks with the <a href="/wiki/National_Australia_Bank" title="National Australia Bank">National Australia Bank</a> to sell the Wizard brand. Ultimately, Wizard was bought by the <a href="/wiki/Commonwealth_Bank" title="Commonwealth Bank">Commonwealth Bank</a>.<sup id="cite_ref-30" class="reference"><a href="#cite_note-30"><span class="cite-bracket">[</span>30<span class="cite-bracket">]</span></a></sup> </p><p>In 2015, GE Capital sold its Australian and New Zealand business to a consortium led by <a href="/wiki/Deutsche_Bank" title="Deutsche Bank">Deutsche Bank</a>, <a href="/wiki/Kohlberg_Kravis_Roberts" title="Kohlberg Kravis Roberts">KKR</a> and Värde Partners.<sup id="cite_ref-financesmh_31-0" class="reference"><a href="#cite_note-financesmh-31"><span class="cite-bracket">[</span>31<span class="cite-bracket">]</span></a></sup> The business was renamed <a href="/wiki/Latitude_Financial_Services" title="Latitude Financial Services">Latitude Financial Services</a> with Sean Morrissey appointed as its new CEO.<sup id="cite_ref-32" class="reference"><a href="#cite_note-32"><span class="cite-bracket">[</span>32<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Austria">Austria</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=6" title="Edit section: Austria"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Austria's GE Money (formerly GE Capital Bank) was founded in 1994 after the successful acquisition and merger of Mercurbank and AVABANK. Today, it is one of Austria's leading consumer and auto finance businesses and a market leader in retail sales financing. Based in Vienna, with a network of branches throughout the country, the business provides a variety of innovative financial services including auto lending, private lending, sales finance and third party personal lending. The primary focus is on consumers, customers and business partners, such as car dealers, retailers and loan brokers. </p><p>The Austrian division was purchased, along with the German, Finnish and British store card operations of GE Money, by the <a href="/wiki/Santander_Group" class="mw-redirect" title="Santander Group">Santander Group</a> in January 2009.<sup id="cite_ref-33" class="reference"><a href="#cite_note-33"><span class="cite-bracket">[</span>33<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Canada">Canada</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=7" title="Edit section: Canada"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>GE Money Canada provided private label credit card and MasterCard card programs to consumers and lending options for retailers in key industries across the country. GE Money-Canada also was a provider of alternative residential mortgages and patient financing through its CareCredit unit. It was part of the <a href="/wiki/Synchrony_Financial" title="Synchrony Financial">Synchrony Financial</a> spinoff in 2014. </p> <div class="mw-heading mw-heading3"><h3 id="Czech_Republic">Czech Republic</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=8" title="Edit section: Czech Republic"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>GE Money Bank (formerly GE Capital Bank) was a significant institution in the Czech Republic. It was founded in 1997, after the acquisition of Agrobanka bank as GE Capital Bank. In the year 2000, it changed the name to GE Money Bank. It went through an IPO in 2016 and operates under the new name of Moneta Money Bank. It is a full-service bank with an extensive network of branches and ATMs. Its services focus both on retail clients and small and medium-sized enterprises. Its headquarters are located in <a href="/wiki/Prague" title="Prague">Prague</a>. Its call center operates from <a href="/wiki/Ostrava" title="Ostrava">Ostrava</a>. </p> <div class="mw-heading mw-heading3"><h3 id="Denmark">Denmark</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=9" title="Edit section: Denmark"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>GE Money Bank Denmark (previously GE Capital Bank Denmark) offered credit cards, loans and other financial solutions. Brand names included Acceptcard, Morecard and E-lån. In 2014, GE Capital sold its Scandinavian operations to <a href="/wiki/Banco_Santander" title="Banco Santander">Santander</a>.<sup id="cite_ref-dealbook_34-0" class="reference"><a href="#cite_note-dealbook-34"><span class="cite-bracket">[</span>34<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="France">France</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=10" title="Edit section: France"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>GE Money Bank France is born from the acquisition by GE of Crédit de l'Est and SOVAC in 1995. It provides real-estate mortgages and auto loans.<sup id="cite_ref-35" class="reference"><a href="#cite_note-35"><span class="cite-bracket">[</span>35<span class="cite-bracket">]</span></a></sup> GE Capital sold GE Money Bank France to <a href="/wiki/Cerberus_Capital_Management" title="Cerberus Capital Management">Cerberus Capital Management</a> in 2016.<sup id="cite_ref-36" class="reference"><a href="#cite_note-36"><span class="cite-bracket">[</span>36<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Hong_Kong">Hong Kong</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=11" title="Edit section: Hong Kong"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>GE Capital was incorporated as a Restricted License Bank in <a href="/wiki/Hong_Kong" title="Hong Kong">Hong Kong</a>. Its major focus was in mortgages (homes and automobile) and personal loans. GE Capital sold its Hong Kong operations to <a href="/wiki/Standard_Chartered_Hong_Kong" title="Standard Chartered Hong Kong">Standard Chartered</a>.<sup id="cite_ref-37" class="reference"><a href="#cite_note-37"><span class="cite-bracket">[</span>37<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Hungary">Hungary</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=12" title="Edit section: Hungary"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p><i>Budapest Bank</i>, was established in 1987 as one of the first commercial banks when the <a href="/wiki/Two-tier_banking_system" class="mw-redirect" title="Two-tier banking system">two-tier banking system</a> was created in Hungary. Since 1995, <a href="/wiki/GE" class="mw-redirect" title="GE">GE</a> (General Electric Company) as owner provided solid background for the bank. Budapest Bank offered a full range of financial and banking services for consumers and small and medium-sized businesses. Budapest Bank was sold to <a href="/wiki/Hungarian_development_bank" class="mw-redirect" title="Hungarian development bank">MFB</a> in 2014.<sup id="cite_ref-38" class="reference"><a href="#cite_note-38"><span class="cite-bracket">[</span>38<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="India">India</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=13" title="Edit section: India"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>GE had more than 118 branches in India as of July 2006. Most of these are in the southern states. There were branches in Coimbatore, Erode, Salem Saradha, Trichy, Madurai, Tanjore, Palaghat, Hyderabad, Trivandrum, Rajamundhry, Kakinada, Vizag, Vijaywada, Hubli, Dharwad and Belgaun. GE was the first BPO's in Hyderabad. GE Capital sold its Indian housing finance business to <a href="/wiki/Magma_Fincorp" class="mw-redirect" title="Magma Fincorp">Magma Fincorp</a>; in 2012, it sold the remains loan portfolio to <a href="/w/index.php?title=Clix_capital&action=edit&redlink=1" class="new" title="Clix capital (page does not exist)">clix capital</a>, and exited the credit card joint venture <a href="/wiki/SBI_Card" title="SBI Card">SBI Card</a> with <a href="/wiki/State_Bank_of_India" title="State Bank of India">State Bank of India</a>, leaving SBI in place<sup id="cite_ref-39" class="reference"><a href="#cite_note-39"><span class="cite-bracket">[</span>39<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Italy">Italy</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=14" title="Edit section: Italy"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 2008, GE Capital acquired <a href="/wiki/Interbanca" title="Interbanca">Interbanca</a>, a merchant banking firm from <a href="/wiki/Banco_Santander" title="Banco Santander">Banco Santander</a>, in exchange for GE Capital businesses in Germany, Finland, Austria, and the UK. In May 2015, GE appointed <a href="/wiki/Deutsche_Bank" title="Deutsche Bank">Deutsche Bank</a> to sell the bank, then had a net assets of over <a href="/wiki/Euro" title="Euro">€</a>1,000,000,000.<sup id="cite_ref-40" class="reference"><a href="#cite_note-40"><span class="cite-bracket">[</span>40<span class="cite-bracket">]</span></a></sup> In 2016, <a href="/wiki/Banca_IFIS" class="mw-redirect" title="Banca IFIS">Banca IFIS</a> acquired Interbanca for €160 million, with an obligation to repay the inter-company debt to GE.<sup id="cite_ref-41" class="reference"><a href="#cite_note-41"><span class="cite-bracket">[</span>41<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Ireland">Ireland</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=15" title="Edit section: Ireland"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>GE Money Ireland was part of the European operations of GE Consumer Finance. In the <a href="/wiki/Republic_of_Ireland" title="Republic of Ireland">Republic of Ireland</a>, GE Money provided specialised financing and services such as <a href="/wiki/Leasing" class="mw-redirect" title="Leasing">leasing</a>, <a href="/wiki/Hire_purchase" title="Hire purchase">hire purchase</a>, <a href="/wiki/Mortgages" class="mw-redirect" title="Mortgages">mortgages</a> and <a href="/wiki/Loans" class="mw-redirect" title="Loans">loans</a> to <a href="/wiki/Company" title="Company">businesses</a> and individuals across the country. With headquarters in <a href="/wiki/Dublin" title="Dublin">Dublin</a>, GE Money serviced its <a href="/wiki/Customers" class="mw-redirect" title="Customers">customers</a> through regional <a href="/wiki/Sales" title="Sales">sales</a> centres and a <a href="/wiki/Merchant" title="Merchant">dealer</a> and <a href="/wiki/Business_partner" title="Business partner">partner</a> <a href="/wiki/Business_network" title="Business network">network</a>.<sup id="cite_ref-42" class="reference"><a href="#cite_note-42"><span class="cite-bracket">[</span>42<span class="cite-bracket">]</span></a></sup> GE sold its Irish loan portfolio to <a href="/wiki/Pepper_Group_Limited" class="mw-redirect" title="Pepper Group Limited">Pepper Home Loans</a> in 2012.<sup id="cite_ref-43" class="reference"><a href="#cite_note-43"><span class="cite-bracket">[</span>43<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Latvia">Latvia</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=16" title="Edit section: Latvia"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>GE Money Bank Latvia was a universal bank owned by GE in <a href="/wiki/Latvia" title="Latvia">Latvia</a> (merged from the former BTB bank and GE Money financial company<sup id="cite_ref-44" class="reference"><a href="#cite_note-44"><span class="cite-bracket">[</span>44<span class="cite-bracket">]</span></a></sup>), offering loan and deposit products to both private and legal entities. It was acquired by <a href="/wiki/Otkritie_FC_Bank" title="Otkritie FC Bank">Otkritie FC Bank</a> in 2011.<sup id="cite_ref-45" class="reference"><a href="#cite_note-45"><span class="cite-bracket">[</span>45<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Japan">Japan</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=17" title="Edit section: Japan"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>GE Consumer Finance Co., Ltd<span style="font-weight: normal"> (<a href="/wiki/Japanese_language" title="Japanese language">Japanese</a>: <span lang="ja">GEコンシューマー・ファイナンス株式会社</span>, <a href="/wiki/Hepburn_romanization" title="Hepburn romanization">Hepburn</a>: <span title="Hepburn transliteration"><i lang="ja-Latn">Jī Ī Konshūmā Fainansu Kabushikigaisha</i></span>)</span> is part of the Japanese operation of GE Consumer Finance. From April 2005, it began to provide GE Money brand in Japan. In 2008, GE was crowned In-House of the Year - Japan In-House Lawyer of the Year by the <i>2008 ALB Japan Law Awards</i>.<sup id="cite_ref-46" class="reference"><a href="#cite_note-46"><span class="cite-bracket">[</span>46<span class="cite-bracket">]</span></a></sup> The Japanese operation was sold to <a href="/wiki/Shinsei_Bank" class="mw-redirect" title="Shinsei Bank">Shinsei Bank</a> in 2008.<sup id="cite_ref-47" class="reference"><a href="#cite_note-47"><span class="cite-bracket">[</span>47<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Netherlands">Netherlands</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=18" title="Edit section: Netherlands"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p><a href="/wiki/GE_Artesia_Bank" title="GE Artesia Bank">GE Artesia Bank</a>, a part of GE Capitals subsidiary <a href="/wiki/GE_Commercial_Finance" title="GE Commercial Finance">GE Commercial Finance</a>, offered banking services to <a href="/wiki/High-net-worth_individual" title="High-net-worth individual">High-net-worth individuals</a> as well as corporates in the <a href="/wiki/Netherlands" title="Netherlands">Netherlands</a>. It provided capital finance, long-term finance, leasing and finance for specific international trade transactions. It closed in 2015. </p> <div class="mw-heading mw-heading3"><h3 id="New_Zealand">New Zealand</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=19" title="Edit section: New Zealand"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 2002, GE Finance purchased Australian Guarantee Corporation's <a href="/wiki/New_Zealand" title="New Zealand">New Zealand</a>-based finance company to create the AGC Creditline Card (now GEM Visa Card), which provides financing for retailers. In 2006 GE Money New Zealand purchased Pacific Retail Finance (PRF), New Zealand's largest personal consumer finance company, and the mortgage assets of <a href="/wiki/Superbank" title="Superbank">Superbank</a>, a supermarket-based banking system. </p><p>On 24 October 2008, GE Money announced that it was pulling out of the <a href="/wiki/New_Zealand" title="New Zealand">New Zealand</a> vehicle finance market, with the loss of 80 staff.<sup id="cite_ref-48" class="reference"><a href="#cite_note-48"><span class="cite-bracket">[</span>48<span class="cite-bracket">]</span></a></sup> It attributed this decision to the <a href="/wiki/Credit_crunch" title="Credit crunch">credit crunch</a>. </p><p>On 15 December 2008, GE Money announced it would no longer be offering home loans through Wizard Home Loans and was seeking a buyer. </p><p>In 2015, GE Capital sold its Australian and New Zealand business to a consortium led by <a href="/wiki/Deutsche_Bank" title="Deutsche Bank">Deutsche Bank</a>, <a href="/wiki/Kohlberg_Kravis_Roberts" title="Kohlberg Kravis Roberts">Kohlberg Kravis Roberts</a>, and <a href="/wiki/V%C3%A4rde_Partners" title="Värde Partners">Värde Partners</a>.<sup id="cite_ref-financesmh_31-1" class="reference"><a href="#cite_note-financesmh-31"><span class="cite-bracket">[</span>31<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Norway">Norway</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=20" title="Edit section: Norway"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>GE Money Bank Norge was a division of the Stockholm-based Swedish subsidiary GE Capital AB. It was a leading provider of consumer finance products in Norway with more than 300,000 clients and total lending of NOK 5 billion, second only to the major domestic bank <a href="/wiki/DnB_NOR" class="mw-redirect" title="DnB NOR">DnB NOR</a>. </p><p>It was the second bank in <a href="/wiki/Norway" title="Norway">Norway</a> to offer US style <a href="/wiki/Credit_cards" class="mw-redirect" title="Credit cards">credit cards</a> with zero annual/monthly fee and including a grace period, after Bankia Bank ASA. In the eighteen months following the launch of GE <a href="/wiki/MasterCard" class="mw-redirect" title="MasterCard">MasterCard</a> in June 2001, the market increased to more than 100,000 US style credit cards. Before these cards, Norwegian banks only offered annual fee cards or cards with no interest free grace period. </p><p>In 2014, GE Capital sold its Scandinavian operations to Santander.<sup id="cite_ref-dealbook_34-1" class="reference"><a href="#cite_note-dealbook-34"><span class="cite-bracket">[</span>34<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Philippines">Philippines</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=21" title="Edit section: Philippines"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>GE Money, in an effort to expand its presence in Southeast Asia, acquired a majority stake in the now-defunct Keppel Bank Philippines which acquired what was formerly the Banco Monte De Piedad, the Philippines' first savings bank, established under Spanish era. The acquisition was finalized on December 20, 2005 after the Monetary Board of the <a href="/wiki/Bangko_Sentral_ng_Pilipinas" title="Bangko Sentral ng Pilipinas">Bangko Sentral ng Pilipinas</a> approved the purchase on December 8, 2005. The bank was renamed GE Money Bank Philippines. GE Money Bank Philippines had 31 branches all over the Philippine archipelago. GE Money Bank Philippines was acquired by <a href="/wiki/BDO_Unibank" class="mw-redirect" title="BDO Unibank">BDO Unibank</a> in 2009.<sup id="cite_ref-49" class="reference"><a href="#cite_note-49"><span class="cite-bracket">[</span>49<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Poland">Poland</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=22" title="Edit section: Poland"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Polish <i>GE Money Bank S.A.</i> was primarily headquartered in <a href="/wiki/Gda%C5%84sk" title="Gdańsk">Gdańsk</a> prior to December 31, 2009. <b><a href="/wiki/Bank_BPH" title="Bank BPH">BPH SA</a></b> (<b>B</b>ank <b>P</b>rzemysłowo-<b>H</b>andlowy) is a Polish financial institution 89% owned by <a href="/wiki/GE_Money_Bank" class="mw-redirect" title="GE Money Bank">GE Money Bank</a> (prior to 2008 the largest shareholder was <a href="/wiki/UniCredit" title="UniCredit">UniCredit</a>), employing about 10,000 people. On 31 December 2009, Bank BPH merged with GE Money Bank Polska. After the merging of the two brands, GE's Capital's Polish headquarters are located in three cities: <a href="/wiki/Warsaw" title="Warsaw">Warsaw</a>, <a href="/wiki/Krak%C3%B3w" title="Kraków">Kraków</a> and <a href="/wiki/Gda%C5%84sk" title="Gdańsk">Gdańsk</a>. In October 2014, the bank's owner, <a href="/wiki/General_Electric" title="General Electric">General Electric</a>, revealed it was considering selling the firm.<sup id="cite_ref-50" class="reference"><a href="#cite_note-50"><span class="cite-bracket">[</span>50<span class="cite-bracket">]</span></a></sup> In November 2016, GE completed the spin-off and merger of Bank BPH's Core Bank to Alior Bank. GE Capital retained the Bank BPH legal entity, including its mortgage business.<sup id="cite_ref-51" class="reference"><a href="#cite_note-51"><span class="cite-bracket">[</span>51<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Romania">Romania</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=23" title="Edit section: Romania"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In Romania GE Capital has two subsidiaries: </p> <ul><li><i>GE Money</i>, a personal finance and leasing company.</li> <li><i>GE Garanti Bank</i>, a bank detained by GE Capital in a joint venture with Garanti Bank International from Turkey. GE Garanti is located in Bucharest.</li></ul> <p>GE Capital sold its Romanian operations to <a href="/wiki/Garanti_Bank" class="mw-redirect" title="Garanti Bank">Garanti Bank</a> in 2010.<sup id="cite_ref-52" class="reference"><a href="#cite_note-52"><span class="cite-bracket">[</span>52<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Russia">Russia</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=24" title="Edit section: Russia"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Russian <i>GE Money Bank Russia</i> was located in <a href="/wiki/Moscow" title="Moscow">Moscow</a>. It was sold to <a href="/wiki/Sovcombank" title="Sovcombank">Sovcombank</a> in 2013.<sup id="cite_ref-53" class="reference"><a href="#cite_note-53"><span class="cite-bracket">[</span>53<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Sweden">Sweden</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=25" title="Edit section: Sweden"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The Swedish subsidiary was <i>GE Capital Bank AB</i>. Based in <a href="/wiki/Stockholm" title="Stockholm">Stockholm</a>, the bank traded as <i>GE Money Bank</i>. In 2014, GE Capital sold its Scandinavian operations to Santander.<sup id="cite_ref-dealbook_34-2" class="reference"><a href="#cite_note-dealbook-34"><span class="cite-bracket">[</span>34<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Switzerland">Switzerland</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=26" title="Edit section: Switzerland"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>GE Money Bank was the largest provider of small consumer credits in Switzerland. In 2006, the company partnered with <a href="/wiki/Migros" title="Migros">Migros</a>, allowing them to offer credit cards contracts through Migros. The Bank is now <a href="/wiki/Cembra_Money_Bank" title="Cembra Money Bank">Cembra Money Bank</a><sup id="cite_ref-54" class="reference"><a href="#cite_note-54"><span class="cite-bracket">[</span>54<span class="cite-bracket">]</span></a></sup><sup class="noprint Inline-Template noprint Template-Fact" style="white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Verifiability#Wikipedia_and_sources_that_mirror_or_use_it" title="Wikipedia:Verifiability"><span title="This claim cites another Wikipedia article. Articles need references to reliable third-party sources. (November 2024)">circular reference</span></a></i>]</sup> and went public through an <a href="/wiki/Initial_public_offering" title="Initial public offering">initial public offering</a> (IPO) in 2013.<sup id="cite_ref-55" class="reference"><a href="#cite_note-55"><span class="cite-bracket">[</span>55<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="United_Kingdom">United Kingdom</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=27" title="Edit section: United Kingdom"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In the United Kingdom, GE Money provided mortgages and secured loans through the former First National, acquired from <a href="/wiki/Abbey_National" title="Abbey National">Abbey National</a>, and offered these through intermediaries. On 25 September 2008, it was announced that the UK Financial Services Authority had fined GE Money Home Lending £1.1 million for failings in its systems, which caused it to overcharge borrowers.<sup id="cite_ref-56" class="reference"><a href="#cite_note-56"><span class="cite-bracket">[</span>56<span class="cite-bracket">]</span></a></sup> It was announced on 29 March 2008 that the GE Capital Bank store cards business and managed credit card business had been acquired by the <a href="/wiki/Santander_Group" class="mw-redirect" title="Santander Group">Santander Group</a>.<sup id="cite_ref-57" class="reference"><a href="#cite_note-57"><span class="cite-bracket">[</span>57<span class="cite-bracket">]</span></a></sup> In 2015, GE sold its mortgage loans in sales to Kensington Mortgage (controlled by <a href="/wiki/Blackstone_Group_LP" class="mw-redirect" title="Blackstone Group LP">Blackstone</a> and <a href="/wiki/TPG_Capital" class="mw-redirect" title="TPG Capital">TPG</a>) and to funds managed by Blackstone, TPG and CarVal Investors.<sup id="cite_ref-58" class="reference"><a href="#cite_note-58"><span class="cite-bracket">[</span>58<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-59" class="reference"><a href="#cite_note-59"><span class="cite-bracket">[</span>59<span class="cite-bracket">]</span></a></sup> Afterwards, the company ceased taking new loans.<sup id="cite_ref-60" class="reference"><a href="#cite_note-60"><span class="cite-bracket">[</span>60<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="United_States">United States</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=28" title="Edit section: United States"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1236090951">.mw-parser-output .hatnote{font-style:italic}.mw-parser-output div.hatnote{padding-left:1.6em;margin-bottom:0.5em}.mw-parser-output .hatnote i{font-style:normal}.mw-parser-output .hatnote+link+.hatnote{margin-top:-0.5em}@media print{body.ns-0 .mw-parser-output .hatnote{display:none!important}}</style><div role="note" class="hatnote navigation-not-searchable">Main article: <a href="/wiki/Synchrony_Financial" title="Synchrony Financial">Synchrony Financial</a></div> <p>Before June 2, 2014, GE Capital Bank was made up of retail and commercial banks. The company was founded in 1988 and is based in Draper, Utah. GE Capital Retail Bank provided retail banking and credit services to consumers in the United States and internationally. It offered retail sales finance, such as private label credit card programs, installment lending, bankcards, and financial services for consumers. The company also provided retail consumer financing solutions, such as private label credit cards, dual card, flex loans, and all-tender loyalty and gift cards; It offered its products and services through dealers, retailers, associations, contractors, manufacturers, healthcare practices, and service providers. The company was formerly known as GE Money Bank and changed its name to GE Capital Retail Bank in October 2011. GE Capital Retail Bank operated as a subsidiary of General Electric Capital Corporation.<sup id="cite_ref-61" class="reference"><a href="#cite_note-61"><span class="cite-bracket">[</span>61<span class="cite-bracket">]</span></a></sup> </p><p>GE Capital Retail Bank acquired MetLife Bank from <a href="/wiki/MetLife" title="MetLife">MetLife</a> in 2011.<sup id="cite_ref-62" class="reference"><a href="#cite_note-62"><span class="cite-bracket">[</span>62<span class="cite-bracket">]</span></a></sup> </p><p>As of June 2, 2014, GE Capital Retail Bank is now known as Synchrony Bank.<sup id="cite_ref-63" class="reference"><a href="#cite_note-63"><span class="cite-bracket">[</span>63<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-nyt-2014jun19_64-0" class="reference"><a href="#cite_note-nyt-2014jun19-64"><span class="cite-bracket">[</span>64<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-usat-2014jun19_65-0" class="reference"><a href="#cite_note-usat-2014jun19-65"><span class="cite-bracket">[</span>65<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-66" class="reference"><a href="#cite_note-66"><span class="cite-bracket">[</span>66<span class="cite-bracket">]</span></a></sup> GE Capital was then composed only of the original commercial/industrial bank in the United States.<sup id="cite_ref-67" class="reference"><a href="#cite_note-67"><span class="cite-bracket">[</span>67<span class="cite-bracket">]</span></a></sup> GE Capital provided credit services solely to businesses and merchants in the United States, and acts as a multi-product commercial finance bank, and uses deposit Accounts to fund commercial loans and leases. The company served various industries, such as automotive, consumer electronics, flooring, healthcare, home furnishings and improvement, HVAC, elective health care, jewelry, landscaping and irrigation, luxury goods, marine, music, outdoor power equipment, pool and spa, power sports, recreation vehicle, sewing, sporting goods, travel, vacuum, and water treatment industries. GE Capital Bank was a member of the Federal Deposit Insurance Corporation (FDIC). GE Capital Bank was sold to <a href="/wiki/Goldman_Sachs" title="Goldman Sachs">Goldman Sachs</a> in 2016.<sup id="cite_ref-68" class="reference"><a href="#cite_note-68"><span class="cite-bracket">[</span>68<span class="cite-bracket">]</span></a></sup> </p><p>GE Capital owned <a href="/wiki/WMC_Mortgage" title="WMC Mortgage">WMC Mortgage</a> from 2004 to 2007.<sup id="cite_ref-69" class="reference"><a href="#cite_note-69"><span class="cite-bracket">[</span>69<span class="cite-bracket">]</span></a></sup> The company briefly owned <a href="/wiki/Kidder,_Peabody_%26_Company" title="Kidder, Peabody & Company">Kidder, Peabody & Company</a> from 1986 until its sale to <a href="/wiki/Paine_Webber" title="Paine Webber">PaineWebber</a> in 1994.<sup id="cite_ref-70" class="reference"><a href="#cite_note-70"><span class="cite-bracket">[</span>70<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-71" class="reference"><a href="#cite_note-71"><span class="cite-bracket">[</span>71<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-72" class="reference"><a href="#cite_note-72"><span class="cite-bracket">[</span>72<span class="cite-bracket">]</span></a></sup> </p><p>The capital group also had its hand in broadcasting throughout the early 1990s to own radio and television stations. The company first purchased Pegasus Broadcasting, who owns three television stations <a href="/wiki/WJBF" title="WJBF">WJBF-TV</a>, <a href="/wiki/WAPA-TV" title="WAPA-TV">WAPA-TV</a> and <a href="/wiki/KQCA" title="KQCA">KSCH-TV</a> in 1990.<sup id="cite_ref-73" class="reference"><a href="#cite_note-73"><span class="cite-bracket">[</span>73<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-74" class="reference"><a href="#cite_note-74"><span class="cite-bracket">[</span>74<span class="cite-bracket">]</span></a></sup> The company next purchased <a href="/wiki/CBS" title="CBS">CBS</a> affiliate <a href="/wiki/WCSC-TV" title="WCSC-TV">WCSC-TV</a> in 1991,<sup id="cite_ref-75" class="reference"><a href="#cite_note-75"><span class="cite-bracket">[</span>75<span class="cite-bracket">]</span></a></sup> and radio stations <a href="/wiki/KJFK_(AM)" title="KJFK (AM)">KMOW-AM</a> and <a href="/wiki/KBPA" title="KBPA">KEYI-FM</a> in Austin later that year.<sup id="cite_ref-76" class="reference"><a href="#cite_note-76"><span class="cite-bracket">[</span>76<span class="cite-bracket">]</span></a></sup> </p><p>The capital quit broadcasting in stages, starting with the sale of radio stations in Austin to Mercury Broadcasting in 1991,<sup id="cite_ref-77" class="reference"><a href="#cite_note-77"><span class="cite-bracket">[</span>77<span class="cite-bracket">]</span></a></sup> then the sale of <a href="/wiki/WJBF" title="WJBF">WJBF-TV</a> to <a href="/wiki/Spartan_Communications" title="Spartan Communications">Spartan Communications</a> in 1992,<sup id="cite_ref-78" class="reference"><a href="#cite_note-78"><span class="cite-bracket">[</span>78<span class="cite-bracket">]</span></a></sup> followed by the sales of <a href="/wiki/WCSC-TV" title="WCSC-TV">WCSC-TV</a> to <a href="/wiki/Lincoln_Financial_Media" title="Lincoln Financial Media">Jefferson-Pilot Communications</a> in 1993<sup id="cite_ref-79" class="reference"><a href="#cite_note-79"><span class="cite-bracket">[</span>79<span class="cite-bracket">]</span></a></sup> and <a href="/wiki/KQCA" title="KQCA">KSCH-TV</a> to Wing Fat, through a group Channel 58 Inc. in 1994,<sup id="cite_ref-80" class="reference"><a href="#cite_note-80"><span class="cite-bracket">[</span>80<span class="cite-bracket">]</span></a></sup> and five years later, sold its final station <a href="/wiki/WAPA-TV" title="WAPA-TV">WAPA-TV</a> to <a href="/wiki/LIN_Media" title="LIN Media">LIN Television Corporation</a> in 1999.<sup id="cite_ref-81" class="reference"><a href="#cite_note-81"><span class="cite-bracket">[</span>81<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Legal_issues">Legal issues</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=29" title="Edit section: Legal issues"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In April 1997, a lawsuit against General Electric Capital Corp was filed on behalf of the company's customers who filed for <a href="/wiki/Bankruptcy" title="Bankruptcy">bankruptcy</a>. The GE Capital Corp. was accused of unfair <a href="/wiki/Debt_collection" title="Debt collection">debt collection</a> practices. The <a href="/wiki/Class_action" title="Class action">class action</a> lawsuit resulted in $100 million settlement with over 100,000 class members from 50 states.<sup id="cite_ref-82" class="reference"><a href="#cite_note-82"><span class="cite-bracket">[</span>82<span class="cite-bracket">]</span></a></sup> Plaintiffs claimed that the company solicited agreements from bankrupt debtors to repay their credit card debts but failed to notify bankruptcy court of the agreement. Those <a href="/wiki/Reaffirmation_agreement" title="Reaffirmation agreement">reaffirmation agreements</a> legally required the debtors to continue paying off their debt in exchange for keeping the credit card, even though bankruptcy erases <a href="/wiki/Credit_card_debt" title="Credit card debt">credit card debts</a>. The lawsuit claimed that GE Capital was required by law to file the agreements with bankruptcy courts and did not do so. As part of the settlement, the company agreed to refund, with interest, all credit card payments made after debtors entered into the reaffirmation agreements between January 1, 1993, and June 30, 1997. GE Capital Corp. also promised to advise <a href="/wiki/Credit_bureaus" class="mw-redirect" title="Credit bureaus">credit bureaus</a> to correct any negative <a href="/wiki/Credit_reports" class="mw-redirect" title="Credit reports">credit reports</a> related to class members’ failure to repay reaffirmed debt.<sup id="cite_ref-83" class="reference"><a href="#cite_note-83"><span class="cite-bracket">[</span>83<span class="cite-bracket">]</span></a></sup> </p><p>In June 2014, Synchrony Bank, formerly GE Capital Retail Bank, agreed to settle claims of illegal credit card practices that were filed by the federal <a href="/wiki/Consumer_Financial_Protection_Bureau" title="Consumer Financial Protection Bureau">Consumer Financial Protection Bureau</a> and the <a href="/wiki/United_States_Justice_Department" class="mw-redirect" title="United States Justice Department">United States Justice Department</a> by agreeing to pay $225 million to Spanish speaking consumers that were harmed by discriminatory practices and deceptive marketing. 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.<sup id="cite_ref-nyt-2014jun19_64-1" class="reference"><a href="#cite_note-nyt-2014jun19-64"><span class="cite-bracket">[</span>64<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-usat-2014jun19_65-1" class="reference"><a href="#cite_note-usat-2014jun19-65"><span class="cite-bracket">[</span>65<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Divestment">Divestment</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=30" title="Edit section: Divestment"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>On March 13, 2014, GE Capital announced that it would spin its North American consumer finance division off under the new name <a href="/wiki/Synchrony_Financial" title="Synchrony Financial">Synchrony Financial</a> through an <a href="/wiki/Initial_public_offering" title="Initial public offering">initial public offering</a> (IPO).<sup id="cite_ref-84" class="reference"><a href="#cite_note-84"><span class="cite-bracket">[</span>84<span class="cite-bracket">]</span></a></sup> On July 31, 2014, Synchrony Financial raised $2.9 billion in its IPO when GE sold 125 million shares (15%) of the company.<sup id="cite_ref-85" class="reference"><a href="#cite_note-85"><span class="cite-bracket">[</span>85<span class="cite-bracket">]</span></a></sup> </p><p>On April 10, 2015, it was announced that GE would sell most of GE Capital's commercial and consumer businesses within two years, focusing instead on its leasing businesses connected with GE's manufacturing businesses. The company reached an agreement to sell the majority of its property business to <a href="/wiki/Wells_Fargo" title="Wells Fargo">Wells Fargo</a> and <a href="/wiki/The_Blackstone_Group" class="mw-redirect" title="The Blackstone Group">Blackstone</a>, valued at $26.5 billion.<sup id="cite_ref-86" class="reference"><a href="#cite_note-86"><span class="cite-bracket">[</span>86<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-87" class="reference"><a href="#cite_note-87"><span class="cite-bracket">[</span>87<span class="cite-bracket">]</span></a></sup> GE Chairman and CEO, Jeff Immelt, announced the plan in a letter to shareholders. It is "a big change for GE," but he said it is "right for the company." Under the plan, Immelt said that GE expects more than 90% of its earnings will be generated by its industrial businesses by 2018, up from 58% in 2014. GE Capital, meanwhile, will make up 10% of the company's revenues by 2018, down from 46% in 2001.<sup id="cite_ref-88" class="reference"><a href="#cite_note-88"><span class="cite-bracket">[</span>88<span class="cite-bracket">]</span></a></sup> Shareholders applauded the announcement, pushing shares in G.E. up nearly 11 percent, to $28.51, levels unseen since the financial crisis. However, the downsizing is no small matter for a company whose empire encompasses 175 countries and employs about 305,000 people. </p><p>In June 2015, the <a href="/wiki/Canada_Pension_Plan_Investment_Board" class="mw-redirect" title="Canada Pension Plan Investment Board">Canada Pension Plan Investment Board</a> announced it would acquire GE Capital's private equity lending portfolio for $12 billion.<sup id="cite_ref-89" class="reference"><a href="#cite_note-89"><span class="cite-bracket">[</span>89<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=31" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist reflist-columns references-column-width" style="column-width: 30em;"> <ol class="references"> <li id="cite_note-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-1">^</a></b></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.gecapital.com/">"GE Capital"</a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=GE+Capital&rft_id=https%3A%2F%2Fwww.gecapital.com%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AGE+Capital" class="Z3988"></span></span> </li> <li id="cite_note-2"><span class="mw-cite-backlink"><b><a href="#cite_ref-2">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://www.treasury.gov/initiatives/fsoc/designations/Pages/default.aspx">"Designations"</a>. <i>Treasury.gov</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2017-03-29</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Treasury.gov&rft.atitle=Designations&rft_id=http%3A%2F%2Fwww.treasury.gov%2Finitiatives%2Ffsoc%2Fdesignations%2FPages%2Fdefault.aspx&rfr_id=info%3Asid%2Fen.wikipedia.org%3AGE+Capital" class="Z3988"></span></span> </li> <li id="cite_note-3"><span class="mw-cite-backlink"><b><a href="#cite_ref-3">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://web.archive.org/web/20131102015248/http://www.gecapital.com/en/our-company/company-overview.html?gemid2=gtnav0500">"GE Capital Business Model"</a>. Archived from <a rel="nofollow" class="external text" href="http://www.gecapital.com/en/our-company/company-overview.html?gemid2=gtnav0500">the original</a> on 2 November 2013<span class="reference-accessdate">. Retrieved <span class="nowrap">20 April</span> 2015</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=GE+Capital+Business+Model&rft_id=http%3A%2F%2Fwww.gecapital.com%2Fen%2Four-company%2Fcompany-overview.html%3Fgemid2%3Dgtnav0500&rfr_id=info%3Asid%2Fen.wikipedia.org%3AGE+Capital" class="Z3988"></span></span> </li> <li id="cite_note-4"><span class="mw-cite-backlink"><b><a href="#cite_ref-4">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://www.reuters.com/article/idUSWNA059420121205">"S&P rates GE Capital Corp. notes 'AA+'<span class="cs1-kern-right"></span>"</a>. <i><a href="/wiki/Reuters" title="Reuters">Reuters</a></i>. December 5, 2012.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Reuters&rft.atitle=S%26P+rates+GE+Capital+Corp.+notes+%27AA%2B%27&rft.date=2012-12-05&rft_id=https%3A%2F%2Fwww.reuters.com%2Farticle%2FidUSWNA059420121205&rfr_id=info%3Asid%2Fen.wikipedia.org%3AGE+Capital" class="Z3988"></span></span> </li> <li id="cite_note-5"><span class="mw-cite-backlink"><b><a href="#cite_ref-5">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.ge.com/news/press-releases/ge-capital-closes-sale-its-ge-money-bank-ab-nordics-santander-consumer-finance-sa">"GE Capital closes the sale of its GE Money Bank AB (Nordics) to Santander Consumer Finance S.A."</a> <i>www.ge.com</i><span class="reference-accessdate">. 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Retrieved <span class="nowrap">2017-03-29</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=USA+Today&rft.atitle=GE+dismantles+GE+Capital%3B+plans+%2490B+to+investors&rft.date=2015-04-10&rft_id=https%3A%2F%2Fwww.usatoday.com%2Fstory%2Fmoney%2Fbusiness%2F2015%2F04%2F10%2Fge-selling-real-estate-assets%2F25564855%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AGE+Capital" class="Z3988"></span></span> </li> <li id="cite_note-89"><span class="mw-cite-backlink"><b><a href="#cite_ref-89">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite id="CITEREFRocha2015" class="citation news cs1">Rocha, Euan (2015-06-09). <a rel="nofollow" class="external text" href="https://www.reuters.com/article/us-cppib-m-a-general-electric-idUSKBN0OP13D20150609">"Canada's CPPIB to buy GE private equity lending arm for $12 billion"</a>. Reuters<span class="reference-accessdate">. Retrieved <span class="nowrap">2017-03-29</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Canada%27s+CPPIB+to+buy+GE+private+equity+lending+arm+for+%2412+billion&rft.date=2015-06-09&rft.aulast=Rocha&rft.aufirst=Euan&rft_id=https%3A%2F%2Fwww.reuters.com%2Farticle%2Fus-cppib-m-a-general-electric-idUSKBN0OP13D20150609&rfr_id=info%3Asid%2Fen.wikipedia.org%3AGE+Capital" class="Z3988"></span></span> </li> </ol></div> <div class="mw-heading mw-heading2"><h2 id="External_links">External links</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=GE_Capital&action=edit&section=32" title="Edit section: External links"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1235681985">.mw-parser-output .side-box{margin:4px 0;box-sizing:border-box;border:1px solid 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a>span,.mw-parser-output .navbar a>abbr{text-decoration:inherit}.mw-parser-output .navbar-mini abbr{font-variant:small-caps;border-bottom:none;text-decoration:none;cursor:inherit}.mw-parser-output .navbar-ct-full{font-size:114%;margin:0 7em}.mw-parser-output .navbar-ct-mini{font-size:114%;margin:0 4em}html.skin-theme-clientpref-night .mw-parser-output .navbar li a abbr{color:var(--color-base)!important}@media(prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .navbar li a abbr{color:var(--color-base)!important}}@media print{.mw-parser-output .navbar{display:none!important}}</style><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:General_Electric" title="Template:General Electric"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:General_Electric" title="Template talk:General Electric"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a 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src="//upload.wikimedia.org/wikipedia/commons/thumb/f/ff/General_Electric_logo.svg/90px-General_Electric_logo.svg.png" decoding="async" width="90" height="90" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/f/ff/General_Electric_logo.svg/135px-General_Electric_logo.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/f/ff/General_Electric_logo.svg/180px-General_Electric_logo.svg.png 2x" data-file-width="500" data-file-height="500" /></a></span></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Former subsidiaries<br />and divisions</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Australian_Guarantee_Corporation" title="Australian Guarantee Corporation">Australian Guarantee Corporation</a></li> <li><a href="/wiki/Canadian_General_Electric" title="Canadian General Electric">Canadian General Electric</a></li> <li><a href="/wiki/Compagnia_Generale_di_Elettricit%C3%A0" title="Compagnia Generale di Elettricità">Compagnia Generale di Elettricità</a></li> <li><a href="/wiki/Current_Lighting_Solutions" title="Current Lighting Solutions">Current, powered by GE</a></li> <li><a href="/wiki/Electric_Bond_and_Share_Company" title="Electric Bond and Share Company">Electric Bond and Share Company</a></li> <li><a href="/wiki/GE_Additive" class="mw-redirect" title="GE Additive">GE Additive</a></li> <li><a href="/wiki/GE_Aerospace_(1960s)" title="GE Aerospace (1960s)">GE Aerospace (1960s)</a></li> <li><a href="/wiki/SES_Americom" title="SES Americom">GE Americom</a></li> <li><a href="/wiki/GE_Appliances" title="GE Appliances">GE Appliances</a></li> <li><a href="/wiki/GE_Automation_%26_Controls" title="GE Automation & Controls">GE Automation & Controls</a></li> <li><a href="/wiki/GE_Aerospace" title="GE Aerospace">GE Aviation</a> <ul><li><a href="/wiki/GE_Aviation_Systems" title="GE Aviation Systems">GE Aviation Systems</a></li></ul></li> <li><a href="/wiki/GE_Betz" class="mw-redirect" title="GE Betz">GE Betz</a></li> <li><a class="mw-selflink selflink">GE Capital</a></li> <li><a href="/wiki/GE_Capital_Aviation_Services" title="GE Capital Aviation Services">GE Capital Aviation Services</a></li> <li><a href="/wiki/GE_Capital_IT_Solutions" title="GE Capital IT Solutions">GE Capital IT Solutions</a></li> <li><a href="/wiki/GE_Capital_Rail_Services" title="GE Capital Rail Services">GE Capital Rail Services</a></li> <li><a href="/wiki/GE_Commercial_Finance" title="GE Commercial Finance">GE Commercial Finance</a></li> <li><a href="/wiki/GE_Digital" title="GE Digital">GE Digital</a></li> <li><a href="/wiki/GE_Energy" class="mw-redirect" title="GE Energy">GE Energy</a></li> <li><a href="/wiki/GE_Equipment_Services" title="GE Equipment Services">GE Equipment Services</a></li> <li><a href="/wiki/GE_HealthCare" title="GE HealthCare">GE HealthCare</a></li> <li><a href="/wiki/GE_Home_%26_Business_Solutions" title="GE Home & Business Solutions">GE Home & Business Solutions</a></li> <li><a href="/wiki/GE_Industrial" class="mw-redirect" title="GE Industrial">GE Industrial</a></li> <li><a href="/wiki/GE_Infrastructure" title="GE Infrastructure">GE Infrastructure</a></li> <li><a href="/wiki/GE_Jenbacher" class="mw-redirect" title="GE Jenbacher">GE Jenbacher</a></li> <li><a href="/wiki/GE_Lighting" title="GE Lighting">GE Lighting</a></li> <li><a href="/wiki/GE_Measurement_%26_Control" title="GE Measurement & Control">GE Measurement & Control</a></li> <li><a href="/wiki/GE_Oil_%26_Gas" class="mw-redirect" title="GE Oil & Gas">GE Oil & Gas</a></li> <li><a href="/wiki/GE_Power" title="GE Power">GE Power</a></li> <li><a href="/wiki/GE_Renewable_Energy" title="GE Renewable Energy">GE Renewable Energy</a></li> <li><a href="/wiki/GE_Research" class="mw-redirect" title="GE Research">GE Research</a> <ul><li><a href="/wiki/LM_Wind_Power" title="LM Wind Power">LM Wind Power</a></li></ul></li> <li><a href="/wiki/GE_Security" title="GE Security">GE Security</a></li> <li><a href="/wiki/GE_Transportation" title="GE Transportation">GE Transportation</a></li> <li><a href="/wiki/Waukesha_Engine" title="Waukesha Engine">GE Waukesha</a></li> <li><a href="/wiki/GE_Wind" title="GE Wind">GE Wind</a></li> <li><a href="/wiki/Canaan_Partners" title="Canaan Partners">GE Venture Capital</a></li> <li><a href="/wiki/GE_Ventures" title="GE Ventures">GE Ventures</a></li> <li><a href="/wiki/GECIS" class="mw-redirect" title="GECIS">GECIS</a></li> <li><a href="/wiki/GXS_Inc." title="GXS Inc.">GEIS</a></li> <li><a href="/wiki/Genesis_Lease" title="Genesis Lease">Genesis Lease</a></li> <li><a href="/wiki/Genpact" title="Genpact">Genpact</a></li> <li><a href="/wiki/Genworth_Financial" title="Genworth Financial">Genworth Financial</a></li> <li><a href="/wiki/Montgomery_Ward" title="Montgomery Ward">Montgomery Ward</a></li> <li><a href="/wiki/Synchrony_Financial" title="Synchrony Financial">Synchrony Financial</a></li> <li><a href="/wiki/Tungsram" title="Tungsram">Tungsram</a></li> <li><a href="/wiki/United_Nuclear_Corporation" title="United Nuclear Corporation">United Nuclear Corporation</a></li> <li><a href="/wiki/Utah_Construction_Company" title="Utah Construction Company">Utah Construction Company</a></li> <li><a href="/wiki/Whatman_plc" title="Whatman plc">Whatman</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/List_of_assets_owned_by_General_Electric" title="List of assets owned by General Electric">Joint ventures/<br /> shareholdings</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:5.5em">Current**</th><td class="navbox-list-with-group navbox-list navbox-odd" style="padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Baker_Hughes" title="Baker Hughes">Baker Hughes</a> (30%)</li> <li><a href="/wiki/CFM_International" title="CFM International">CFM International</a> (50%)</li> <li><a href="/wiki/Engine_Alliance" title="Engine Alliance">Engine Alliance</a> (50%)</li> <li><a href="/wiki/GE_Hitachi_Nuclear_Energy" title="GE Hitachi Nuclear Energy">GE Hitachi Nuclear Energy</a> (60%)</li> <li><a href="/wiki/GE_Honda_Aero_Engines" title="GE Honda Aero Engines">GE Honda Aero Engines</a> (50%)</li> <li><a href="/wiki/ProlecGE" title="ProlecGE">ProlecGE</a> (49.99%)</li> <li><a href="/wiki/TBS_GB" title="TBS GB">TBS GB</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:5.5em">Former</th><td class="navbox-list-with-group navbox-list navbox-even" style="padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Alco-GE" title="Alco-GE">Alco-GE</a> (1940–53)</li> <li><a href="/wiki/NBC" title="NBC">NBC</a> (1926–30, 1986–2004)</li> <li><a href="/wiki/NBCUniversal" title="NBCUniversal">NBCUniversal</a> (2004–13)</li> <li><a href="/wiki/Penske_Truck_Leasing" title="Penske Truck Leasing">Penske Truck Leasing</a> (15.5%)</li> <li><a href="/wiki/Wabtec" title="Wabtec">Wabtec</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Products<br />and brands</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/GE_Aerospace#Products" title="GE Aerospace">Aircraft engines</a></li> <li><a href="/wiki/General_Comprehensive_Operating_System" title="General Comprehensive Operating System">General Comprehensive Operating System</a></li> <li><a href="/wiki/GEnie" title="GEnie">GEnie</a></li> <li><a href="/wiki/List_of_GE_locomotives" title="List of GE locomotives">Locomotives</a></li> <li><a href="/wiki/Mazda_(light_bulb)" title="Mazda (light bulb)">Mazda</a></li> <li><a href="/wiki/List_of_GE_reciprocating_engines" title="List of GE reciprocating engines">Reciprocating engines</a></li> <li><a href="/wiki/Trivection_oven" title="Trivection oven">Trivection oven</a></li> <li><a href="/wiki/Tungsram" title="Tungsram">Tungsram</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Category:General_Electric_people" title="Category:General Electric people">People</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:5.5em">Founders</th><td class="navbox-list-with-group navbox-list navbox-even" style="padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Charles_A._Coffin" title="Charles A. Coffin">Charles A. Coffin</a></li> <li><a href="/wiki/Thomas_Edison" title="Thomas Edison">Thomas Edison</a></li> <li><a href="/wiki/Edwin_J._Houston" title="Edwin J. Houston">Edwin J. Houston</a></li> <li><a href="/wiki/J._P._Morgan" title="J. P. Morgan">J. P. Morgan</a></li> <li><a href="/wiki/Elihu_Thomson" title="Elihu Thomson">Elihu Thomson</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:5.5em">Executives</th><td class="navbox-list-with-group navbox-list navbox-odd" style="padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Jeff_Immelt" title="Jeff Immelt">Jeff Immelt</a></li> <li><a href="/wiki/Jack_Welch" title="Jack Welch">Jack Welch</a></li> <li><a href="/wiki/Bob_Wright" title="Bob Wright">Bob Wright</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:5.5em">Outside directors</th><td class="navbox-list-with-group navbox-list navbox-even" style="padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/James_Cash_Jr." title="James Cash Jr.">James Cash Jr.</a></li> <li><a href="/wiki/John_L._Flannery" title="John L. Flannery">John L. Flannery</a></li> <li><a href="/wiki/Ann_M._Fudge" title="Ann M. Fudge">Ann M. Fudge</a></li> <li><a href="/wiki/Susan_Hockfield" title="Susan Hockfield">Susan Hockfield</a></li> <li><a href="/wiki/Andrea_Jung" title="Andrea Jung">Andrea Jung</a></li> <li><a href="/wiki/Rochelle_Lazarus" title="Rochelle Lazarus">Rochelle Lazarus</a></li> <li><a href="/wiki/Sam_Nunn" title="Sam Nunn">Sam Nunn</a></li> <li><a href="/wiki/Roger_Penske" title="Roger Penske">Roger Penske</a></li> <li><a href="/wiki/Vera_Silva" title="Vera Silva">Vera Silva</a></li> <li><a href="/wiki/Douglas_A._Warner_III" title="Douglas A. Warner III">Douglas A. Warner III</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Places and<br />facilities</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/30_Rockefeller_Plaza" title="30 Rockefeller Plaza">GE Building (30 Rockefeller Plaza)</a></li> <li><a href="/wiki/General_Electric_Building" title="General Electric Building">GE Building (570 Lexington Avenue)</a></li> <li><a href="/wiki/Nela_Park" title="Nela Park">Nela Park</a></li> <li><a href="/wiki/General_Electric_Realty_Plot" title="General Electric Realty Plot">Realty Plot</a></li> <li><a href="/wiki/General_Electric_Research_Laboratory" title="General Electric Research Laboratory">Research Laboratory</a></li> <li><a href="/wiki/River_Works" title="River Works">River Works</a></li> <li><a href="/wiki/General_Electric_Specialty_Control_Plant" title="General Electric Specialty Control Plant">Specialty Control Plant</a></li> <li><a href="/wiki/General_Electric_Switchgear_Plant" title="General Electric Switchgear Plant">Switchgear Plant</a></li> <li><a href="/wiki/John_F._Welch_Technology_Centre" title="John F. Welch Technology Centre">Welch Technology Centre</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Sponsorship</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Walt_Disney%27s_Carousel_of_Progress" title="Walt Disney's Carousel of Progress">Carousel of Progress</a> (1964–65, 1967–73, 1975–85)</li> <li><a href="/wiki/Horizons_(Epcot)" title="Horizons (Epcot)">Horizons at Epcot</a> (1983–93)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><i><a href="/wiki/GE_True" title="GE True">GE True</a></i></li> <li><a href="/wiki/The_General_Electric_Concert" title="The General Electric Concert">The General Electric Concert</a></li> <li><a href="/wiki/General_Electric_EdgeLab" title="General Electric EdgeLab">General Electric EdgeLab</a></li> <li><i><a href="/wiki/General_Electric_Theater" title="General Electric Theater">General Electric Theater</a></i></li> <li><a href="/wiki/General_Imaging" title="General Imaging">General Imaging</a></li> <li><a href="/wiki/KGEI" title="KGEI">KGEI</a></li> <li>Litigation <ul><li><i><a href="/wiki/Diamond_v._Chakrabarty" title="Diamond v. Chakrabarty">Diamond v. Chakrabarty</a></i></li> <li><i><a href="/wiki/United_States_v._General_Electric_Co." title="United States v. General Electric Co.">United States v. General Electric Co.</a></i></li></ul></li> <li><a href="/wiki/Phoebus_cartel" title="Phoebus cartel">Phoebus cartel</a></li> <li><a href="/wiki/Thomson-Houston_Electric_Company" title="Thomson-Houston Electric Company">Thomson-Houston Electric Company</a></li> <li><a href="/wiki/Timeline_of_General_Electric" title="Timeline of General Electric">Timeline</a></li> <li>"<a href="/wiki/We_Bring_Good_Things_to_Life" title="We Bring Good Things to Life">We Bring Good Things to Life</a>"</li></ul> </div></td></tr><tr><td class="navbox-abovebelow" colspan="3"><div><div class="hlist"> <ul><li>* Following corporate split-up from 2023 to 2024</li> <li>** Joint ventures before corporate split-up from 2023 to 2024</li></ul> </div> <ul><li><span class="noviewer" typeof="mw:File"><span title="Template"><img alt="" src="//upload.wikimedia.org/wikipedia/commons/thumb/8/83/Symbol_template_class_pink.svg/16px-Symbol_template_class_pink.svg.png" decoding="async" width="16" height="16" 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