Daily News: October 8, 2012

Bloomberg: GE Capital Near Systemic-Risk Label in Review

Boomberg reported that GE Capital is in the final stage of a regulatory review to determine if it needs extra scrutiny because of the risk that its potential failure would pose to the U.S. economy, citing two people with direct knowledge of the matter.

GE Capital joins American International Group as the only two non-banks that the Financial Stability Oversight Council has voted to advance to a third round of evaluations for possible designation as systemically important financial institutions, Bloomberg said quoting the sources, who asked not to be identified because the information isn’t public.

To read the full Bloomberg article, click here.