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.
Observed surface forms (2)
| Surface form | Occurrences |
|---|---|
| General Electric Capital Corporation | 1 |
| GE Capital Aviation Services | 0 |
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.
this entity surface form:
General Electric Capital Corporation