GE Seeks Escape From Too-Big-to-Fail Tag as Revamp Nears End

  • Request follows deals to sell $160 billion in finance assets
  • Removing designation would free up capital, ease oversight

GE Requests End of Too-Big-to-Fail Designation

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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