GE Capital is the financial services division of General Electric. Through its two divisions, GE Capital Aviation Services and GE Energy Financial Services. The company had provided additional services in the past; however, those units were sold between 2013 and 2018.
In this regard, did Wells Fargo buy GE Capital?
As previously announced, Wells Fargo agreed to purchase GE Capital’s CDF, Vendor Finance and a portion of its Corporate Finance businesses. This was in addition to large components of GE Capital’s rail platforms and commercial real estate businesses.
Also question is, is GE Capital the same as Capital One?
Capital One Completes Acquisition of GE Capital’s Healthcare Financial Services Lending Business.
What happened to GE Consumer Finance?
GE Consumer Finance Reaches Deal to Acquire Conseco Finance Corp.’s Sales Finance Unit. STAMFORD, Conn. … The remaining Conseco Finance assets will be acquired by other parties.
According to the General Electric’s most recent financial statement as reported on April 27, 2021, total debt is at $71.36 billion, with $66.89 billion in long-term debt and $4.47 billion in current debt. Adjusting for $31.78 billion in cash-equivalents, the company has a net debt of $39.58 billion.
GE Capital Consumer Finance Limited is involved in management and administration services to other members of the GE Capital Bank Group and loans to other third parties.