US lifts 'too big to fail' designation of GE financing unit

Posted online June 30, 2016 | 11:46 am

The Financial Stability Oversight Council yesterday removed the “too big to fail” label from GE Capital, meaning the company is no longer a risk to U.S. financial stability.

The designation was first applied to the lending arm of General Electric Co. in 2013. GE Capital requested the term be removed in March 2015.

Lifting the “too big to fail” tag is expected to create cash flow for parent GE to deploy in its share buyback plan, according to Reuters.

Read more from Reuters.

Torgerson Design Partners HQ planned at site of collapsed building

Comments

No comments on this story |

Please log in to add your comment

Editors' Pick

From the Ground Up: Willard Central Elementary School safe room and additions

A safe room and classroom addition at Willard Central Elementary School will be used by the music, arts and athletic programs for a district that had 4,536 students last year, according to Missouri Department of Elementary and Secondary Education figures, but school officials say enrollment is projected to grow.

Most Read