I did not hear of the new reg ! Thanks !

Looking back at June:

Another significant deal in the restructuring process could be coming in from Japanese company Sumitomo Mitsui Financial Group Inc. which is interested in GE Capital’s railcar-leasing business.

GE Capital Rail Services is roughly valued at $4 billion and has captured the interest of U.S. financial institutions as well, including Wells Fargo which is already a participant in GE’s real-estate asset sale.

SMFG is Japan’s second largest lender by market value and has shown significant interest in acquiring businesses in the U.S. in the past three years. In 2012, SMFG acquired an aircraft-leasing unit from RBS for $7.3 billion.

In 2013, the company acquired the rail-leasing business under Perella Weinberg Partners LP for $500 million.

The industry speculates SMFG will be interested in growing its rail-leasing business in the U.S. as it brings about higher margins which will help support its lower-margin lending business in Japan.





SP5103 Wrote:
-------------------------------------------------------
> LA TImes "GE has been working to shed parts of its
> commercial lending business since April, part of a
> strategy by Chief Executive Jeffrey Immelt to
> return the company's focus to its industrial
> roots. Former CEO Jack Welch turned GE into a
> financial services giant, but that strategy came
> back to haunt the company during the financial
> crisis."
>
> I read a different article the other day about GE
> that explained the majority of their business had
> been in financing. The problem was they fell under
> some new law after the financial fiasco that
> limited their entire business to protect them/us
> from being "too big to fail". By divesting itself
> of its financial businesses and returning to
> manufacturing as its core, they will apparently no
> longer fall under the restrictions.