Daily News: February 28, 2013

GE Capital in Last Stage of Systemic-Risk Review

Bloomberg reported that GE Capital is in the final stage of a regulatory review to determine whether it needs extra scrutiny because of the risk that its potential failure would pose to the U.S. economy.

Quoting from a GE filing, Bloomberg said GE Capital “is under consideration for a proposed determination as a nonbank systemically important financial institution… Such a determination would subject GECC to proposed enhanced supervisory standards.”

To read the full Bloomberg story click here.