General Electric start United States commercial loans sectors selling process valued at about 40 billion dollars
"General Electric start United States commercial loan Department selling process valued at about 40 billion dollars," Reuters news, people familiar with the matter said on Sunday that United States General Electric (GE) (GE. N) started part of United States commercial loans assets sale program, worth about US $ 40 billion. GE plans to completely withdraw from the financial business. Sources say those assets including commercial distribution finance business, involving ships and RV dealers; equipment financing, including the provision of loans for the purchase of trucks and construction equipment; corporate finance involves direct loans to midsize enterprises and leasing.