Secondly, does GE Capital still exist?
After the deal, GE Capital will no longer be a separate unit of General Electric. Its remaining business — Energy Financial Services (EFS) and an insurance business which was already being wound down, will be reported as part of its corporate operations.
Then, how much debt does GE have?
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.
Is GE Capital a shadow bank?
GE Capital, GE’s “shadow bank,” started in the 1980s, and at one point contributed significantly to GE—some years as much as half of the company’s profits.
Capital One Completes Acquisition of GE Capital’s Healthcare Financial Services Lending Business.
*Note: On June 2, 2014, GE Capital Retail Bank changed its name to Synchrony Bank and is part of the GE Capital Retail Finance business. The name change is currently in process and the transition will occur over the next few months.
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.
GE Capital Bank Ltd is a financial services and banking firm. The Company provides commercial and consumer lending, ranging from leasing and factoring to savings and deposits, from acquisition finance to personal loans.
Värde Partners, Deutsche Bank and KKR have completed the acquisition of GE Capital’s Australian and New Zealand consumer finance business, now called Latitude Financial Services.