GE Seeks Escape From Too-Big-to-Fail Tag as Revamp Nears EndBy
Request follows deals to sell $160 billion in finance assets
Removing designation would free up capital, ease oversight
General Electric Co. asked U.S. regulators to drop its designation as a too-big-to-fail financial institution, one of the central goals of Chief Executive Officer Jeffrey Immelt’s decision a year ago to sell the bulk of the lending business.
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