General Electric’s announcement last week that it will drastically shrink GE Capital by divesting nearly $200 billion in assets will have some direct and indirect impacts on other financial firms across BMO’s North American Financial Universe. Lana Chan and team at BMO Capital Markets in their April 10 research report titled: “GE Capital to Divest $200 Billion in Assets – Impact on North American Financials” states that certain U.S. regional banks could have an interest in segments of GE’s U.S. commercial loan portfolios. GE Capital selling $200 billion in assets As highlighted by ValueWalk, General Electric announced that it is…
GE Capital’s Divestments Could Impact N. American Financials: BMO
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports