GE Preps IPO For Consumer Finance Arm

By  |  August 30, 2013
 | 

General Electric (GE) plans to exit retail lending by divesting its store credit card business, The Wall Street Journal reported on August 30.

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    The company is reportedly concerned about its exposure to banking. GE Capital is the fifth-largest bank in the U.S.

    For more on GE’s U.S. consumer finance business and its potential IPO, click here. 


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