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Ge Capital

Stop Goldman Sachs from Acquiring GE Capital Bank Deposits

John Taylor | Posted 11.14.2016 | Politics
John Taylor

In August of this year, news broke that Goldman Sachs plans to acquire certain assets and liabilities of GE Capital Bank, as General Electric downsizes its financial services division. Under the proposed transaction, Goldman would obtain around $16 billion of deposits. Goldman Sachs must not be allowed to grow through this transaction.

Back to the Future: GE's Retooling Into an Industrial Powerhous

Helen I. Hwang | Posted 05.28.2016 | Business
Helen I. Hwang

Signaling the end of a chapter when financial risk was rife, General Electric has announced it's selling off the bulk of GE Capital, divesting out of the financial-services market within the next two years.

Zach Carter

General Electric Hands Dodd-Frank Its Biggest Victory Yet | Zach Carter | Posted 04.10.2015 | Politics

WASHINGTON --General Electric said Friday it will sell off most of its banking operations, an acknowledgment that the company needs to transform itsel...

2015 Rankings: 10 Best Online Banks

GOBankingRates | Posted 04.11.2015 | Money

You might be skeptical of online banks, wondering whether your funds are as safe with a virtual institution as they are with a traditional one; however, all of the online banks listed below are FDIC-insured, meaning your funds are just as protected.

Ranked: The 10 Best CD Accounts of 2015

GOBankingRates | Posted 04.01.2015 | Money

CD accounts can still be useful and beneficial financial tools, though. With higher rates than traditional checking and savings accounts, on average, these accounts are great when trying to grow a set amount of funds, on the side, for a future expense or goal.

Ryan J. Reilly

GE Capital Pays Up For Denying Spanish Speakers Access To Credit Card Repayment Program | Ryan J. Reilly | Posted 06.19.2014 | Politics

WASHINGTON -- Synchrony Bank, formerly known as GE Capital, has reached an agreement with the Consumer Financial Protection Bureau and the Justice Dep...

7 Things About Prosecuting Wall Street You Wanted to Know (But Were Too Depressed to Ask)

Richard (RJ) Eskow | Posted 10.07.2013 | Politics
Richard (RJ) Eskow

Why haven't any bankers gone to jail? What's going on in this country? Here are seven things about Wall Street crime and Washington "justice" you might have wanted to know, but were probably too depressed to ask.

Financial Risk Council Deems Two Firms Too Big To Fail

Reuters | Emily Stephenson | Posted 07.09.2013 | Business

WASHINGTON, July 9 (Reuters) - The U.S. financial risk council on Tuesday said it has designated American International Group and GE Capital as system...

A Popular Movement For Higher Taxes? Now There's a Story

Richard (RJ) Eskow | Posted 08.31.2013 | Politics
Richard (RJ) Eskow

Change is possible. There's a strong alignment between the interests and desires of most voters and those of small and medium-sized businesses. People overwhelmingly support increasing tax contributions from large corporations.

GE Takes Big Stand Against Gun Industry

Reuters | Posted 06.24.2013 | Business

By Ernest Scheyder April 24 (Reuters) - General Electric Co discovered it was financing a small number of firearm purchases in the wak...

Jack Welch Has Some Experience With Dubious Numbers

Mark Gongloff | Posted 12.10.2012 | Business
Mark Gongloff

A little-remembered episode in General Electric history illustrates just how dangerous it is for former CEO Jack Welch to accuse the government of manipulating unemployment numbers.

Wall Street's City Bid-Rigging Racket: Who Ran It? How Many Billions Are Missing? Where's the Investigation?

Richard (RJ) Eskow | Posted 08.26.2012 | Business
Richard (RJ) Eskow

A recent court case proves what many of us have long suspected: Big banks have been ripping off this nation's towns and cities for years in an old-fashioned racketeering scam.

Commercial Mortgage Bankers Are Doing Deals As the Real Estate Market Breathes New Signs of Life

Jerry Chautin | Posted 04.02.2012 | Business
Jerry Chautin

Rental apartments are back in demand, financing for hotels and motels is loosening up a bit and investors are stepping off the sidelines with wads of cash to do deals.

For a Sane Economy in 2012, How About a Little Shame?

Richard (RJ) Eskow | Posted 03.03.2012 | Politics
Richard (RJ) Eskow

The other day I was asked what one single thing could do the most to save our economy. What one idea or tool might help us create a more just society? My answer was "shame."

With Metlife Deal, GE Takes On $7.5 Billion In Consumer Banking Deposits

Posted 12.27.2011 | Business

(BEN BERKOWITZ and TANYA AGRAWAL, Reuters) - General Electric Co jumped into the retail deposits business on Tuesday, buying the online bank from lif...

The "Banker Gangs" Are Still on the Loose, and the Justice Department Still Won't Come Clean

Richard (RJ) Eskow | Posted 02.06.2012 | Politics
Richard (RJ) Eskow

The country deserves action to stop Wall Street crime. If it takes a new team at the Justice Department to make that happen, then the country deserves that too.

Emanuel Announces 1,000 New Chicago Jobs From GE Capital

Posted 07.23.2011 | Chicago

In a first piece of good economic news for Chicago's new mayor, Rahm Emanuel announced Monday that the financial services arm of General Electric woul...

GE's Profit Smashes Wall Street Expectations

Posted 06.21.2011 | Business

BOSTON (Scott Malone) - General Electric Co posted quarterly results that blew past Wall Street expectations, joining a wave of better-than-expected e...

Borders Restructuring Plan: Do Publishers Believe It Will Work? | JULIE BOSMAN | Posted 06.07.2011 | Books

Borders presented a restructuring plan to its creditors on Wednesday that promised publishers and landlords a sleeker, more efficient company poised t...

Merchants of Danger

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

The ugly truth, here and in Japan, is this: Unless government regains the will and the ability to regulate private industry, more catastrophes are all but inevitable.

In the Dark: Crimes, Capital Crimes, And GE Capital Crimes

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

If individuals committed crimes at GE, they should pay for their actions. That would be a service to GE's other employees, who would no longer be tainted by the misdeeds of a few senior-level people.

GE Increasing Its Dividend For Second Time In 6 Months

Bloomberg | Rachel Layne | Posted 05.25.2011 | Business

Chief Executive Officer Jeffrey Immelt may show his confidence in General Electric Co.'s growth prospects next week by outlining investment plans incl...

'Save GE' Amendment: Manufacturers Push For Exemption From Financial Regulation Bill | Jia Lynn Yang | Posted 05.25.2011 | Business

The amendment, which the Senate might vote on early this week, could make it difficult for federal regulators to address threats to the global financi...