By John Brooks
Earlier this year General Electric announced that it would spin off its financial division, GE Capital, which accounted for as much as one half of GE’s earnings. The reasons varied from overall corporate valuation to strategic direction to regulatory concerns under Dodd-Frank.
GE has now announced that it will sell three of its corporate lending and leasing units to Wells Fargo in a deal values at $32 billion (see our other story.)
