The New York Times reported General Electric plans to sell off most of its finance arm within two years, as it seeks to complete a transformation that began during the tumult of the financial crisis.

According to the Times , rapidly shrinking the finance arm, GE Capital, will release the company from strict regulatory requirements that come with GE Capital’s being regarded as a financial institution that is too big to fail.

The Times said further, General Electric’s plan is that by 2018, its core industrial businesses — ranging from jet turbines to heavy energy equipment to sophisticated medical devices — will account for more than 90% of its earnings, up from 58% last year.

To read the entire Times article, click here.