The Wall Street Journal reported that GE chief executive Jeff Immelt said at an industry conference in Florida that GE Capital will be reduced to less than half its pre-crisis size by the end of 2014.

The Journal said that according to Immelt, GE Capital’s ending net investment should total $300 billion to $350 billion by the end of next year, compared to more than $630 billion in 2007 before the financial crisis.

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