GE Capital

E670624

GE Capital was the financial services division of General Electric, providing commercial lending, leasing, and other financial products globally before being largely wound down after the 2008 financial crisis.

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Statements (51)

Predicate Object
instanceOf aircraft leasing company
financial services company division
subsidiary
businessModel wholesale-funded financial institution
contributedTo volatility in General Electric earnings after 2008
country United States of America
surface form: United States
foundedBy General Electric NERFINISHED
hasDivision GE Capital Aviation Services NERFINISHED
GE Commercial Finance NERFINISHED
GE Money NERFINISHED
GE Real Estate NERFINISHED
headquartersLocation Norwalk, Connecticut NERFINISHED
Stamford, Connecticut NERFINISHED
industry commercial finance
commercial lending
consumer finance
financial services
insurance
leasing
real estate finance
notableRisk exposure to real estate and structured finance
reliance on short-term funding markets
ownedBy General Electric NERFINISHED
parentCompany GE Capital NERFINISHED
General Electric NERFINISHED
partOf General Electric NERFINISHED
peakAssets over US$500 billion
reasonForWindingDown regulatory and capital requirements for large financial institutions
strategic decision by General Electric to focus on industrial core
regulatoryStatus designated systemically important financial institution in the United States
service aircraft leasing
commercial lending
commercial real estate lending
consumer credit
corporate finance
energy finance
equipment leasing
fleet management
healthcare finance
mortgage lending
serviceArea global
significantEvent played major role in General Electric profits before 2008 financial crisis
subject to increased regulatory scrutiny after 2008
suffered heavy losses during 2008 financial crisis
soldBusiness European consumer finance units
GE Capital Aviation Services to AerCap
U.S. online bank Synchrony Financial via IPO and split-off
various real estate portfolios
status largely wound down by early 2020s
windingDown began major asset sales and shrinkage after 2008 financial crisis
strategic exit from most banking and consumer finance operations in the 2010s

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Rishad Premji employer GE Capital
Kidder, Peabody & Co. parentCompany GE Capital
this entity surface form: General Electric Capital Corporation