GE Said to Weigh Deeper Cuts to Capital Business
The Wall Street Journal reported, citing people familiar with the matter, that GE is considering making deeper cuts in its commercial lending arm, having decided the returns from lending are no longer worth the ire it provokes among investors.
The Journal notes that in his letter to shareholders scheduled to be released on Monday (March 16, 2015), CEO Jeff Immelt said, “We see a significant advantage in our ability to bring financial solutions to industries like aviation, energy and health care. But make no mistake, the ultimate size of GE Capital will be based on competitiveness, returns and the impact of regulation on the company.”
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