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.

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