Underreported: GE Capital

Thursday, March 26, 2009

When you think about General Electric light-blubs and washing machines come to mind. But in 2007 GE Capital, the conglomerate’s financial services division, accounted for 55% of GE’s total profit. Justin Baer is US Business Reporter with the Financial Times and will explain just what GE Capital does and why it would be one of the largest banks in America if it wasn’t part of the "shadow banking" system.


Justin Baer

Comments [2]

Tony Scholl from Tarrytown, NY

What role does GE Capital's insurance subsidiary Genworth play?

Mar. 26 2009 01:38 PM

How much of GE's woes are based on any financing of their customers (captured finance) vs. financing of other ventures.

And, how does GE get the capital to finance? Does it come from their general funds or does the finance unit borrow specifically for their needs?

Does it make sense for GE to spin this off and merge it with a bank but still own shares in the company?

Mar. 26 2009 12:24 PM

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