GE Weighs IPO for Parts of Shrinking Finance Business

General Electric Co. is considering spinning off parts of its finance unit through an initial public offering as Chief Executive Officer Jeffrey Immelt works to shrink the business.

“In financial services, putting things up for sale with the assumption that a bank would buy it has been a fool’s journey,” Immelt said today at the Electrical Products Group conference in Longboat Key, Florida. “So the only way you’ve been able to think about this is by thinking about IPOs.”