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February 10, 2016 8:43 PM ET

Diversified Financial Services

Company Overview of General Electric Capital Corporation

Company Overview

General Electric Capital Corporation provides various financial products and services worldwide. The company’s Commercial Lending and Leasing segment offers secured commercial loans, equipment financing, and other financial services to companies in a range of industries, including construction, retail, manufacturing, transportation, media, communications, technology, and healthcare, as well as industrial, medical, fleet vehicle, corporate construction, office imaging, and various other equipment types. Its Consumer segment provides private-label credit cards, personal loans, bank cards, auto loans and leases, mortgages, debt consolidation, home equity loans, deposit and other savings product...

901 Main Avenue

Norwalk, CT 06851

United States

Founded in 1932

47,000 Employees

Phone:

203-840-6300

Key Executives for General Electric Capital Corporation

Chairman and Chief Executive Officer
Age: 56
President and Chief Operating Officer
Age: 51
President, Modular Space Division
Chief Financial Officer and Director
Age: 47
Chief Executive Officer of GE Japan Corporation, President of GE Japan Corporation and Senior Vice President of GE
Age: 63
Compensation as of Fiscal Year 2015.

General Electric Capital Corporation Key Developments

GE May Complete Its Exit Plan In GE Capital By End Of 2016

General Electric Company (NYSE:GE) continues to quickly execute the General Electric Capital Corporation divestiture process. GE Capital Chairman and Chief Executive Officer Keith Sherin said, "We continue to execute the sale of GE Capital assets with a focus on speed, value and certainty. There is an active sales process ongoing for our remaining international businesses while we continue to close the deals we signed earlier".

Sumitomo Mitsui Reportedly Wins Bid To Acquire GE's Japan Business

Sumitomo Mitsui Financial Group, Inc. (TSE:8316) appears to have won the bid to acquire the leasing business in Japan of General Electric Company (NYSE:GE) and is most likely to sign definitive agreement in the beginning of next week, as per Nikkei English News. The deal will be worth more than $4.63 billion. Sumitomo Mitsui Finance and Leasing Company, Limited will acquire the leasing business from General Electric Capital Corporation. The planned divesture of the Japan leasing business attracted other bidders including Shinsei Bank, Limited (TSE:8303), Sumitomo Mitsui Trust Bank, Limited, ORIX Corporation (TSE:8591) and megabank-affiliated leasing companies.

Ex-GE Capital India Executives Reportedly Seeks To Acquire GE Capital's Loan Portfolio

Pramod Bhasin and Anil Chawla, Ex top executives at General Electric India, have teamed up to jointly purchase of consumer and commercial loan portfolio of General Electric Capital Corporation for approximately $400 million, according to people with knowledge of the discussions. "There is a separate formal process that is underway to divest GE Capital's stakes in its credit cards joint venture with SBI. Bhasin and Chawla's offer is for the rest of GE Capital's local portfolio." said one of the sources.

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