GE Capital is the financial services division of General Electric. Through its two divisions, GE Capital Aviation Services and GE Energy Financial Services. The company had provided additional services in the past; however, those units were sold between 2013 and 2018.
*Note: On June 2, 2014, GE Capital Retail Bank changed its name to Synchrony Bank and is part of the GE Capital Retail Finance business.
Capital One Financial Corp. completed Tuesday its acquisition of the health care lending business of General Electric Capital Corp.
Welcome to Latitude Financial Services.
In 2015, backed by Värde Partners, KKR and Deutsche Bank, we transitioned from GE into what we are today - a digital payments, instalments and lending business called Latitude. We're not a bank, and we're proud of that.
GE Capital was once one of the largest lenders in the country, with more than $600 billion in assets.
As previously announced, Wells Fargo agreed to purchase GE Capital's CDF, Vendor Finance and a portion of its Corporate Finance businesses. ... Wells Fargo currently has 1,100 Wholesale banking team members in EMEA to serve its corporate, commercial and financial institution customers doing business across the region.
Capital One Chief Executive Richard Fairbank said Tuesday the bank had agreed to buy the roughly $9 billion in card balances. ... Synchrony wanted to sell the balances at a premium, according to people familiar with the matter.
About GE Capital Bank
GE Capital Bank was founded in 1993 and is owned by General Electric Capital Corporation. ... It is an FDIC-insured, Utah state-chartered industrial bank.
GE Money Bank was acquired by Cerberus Capital Management for $4.6B on Jun 23, 2016 .
Capital One is a great choice for you if you value high interest rates and fee-free bank accounts, but don't mind limited branch accessibility. Chase, on the other hand, may be perfect for you if you're looking for banking perks like sign-up bonuses, branch accessibility and various account options.
Capital One's 360 Performance Savings accounts pay 0.40% in interest. And again, there are no monthly fees and no required minimum to open or maintain an account. Accounts are FDIC insured, and you can use the 360 app to deposit checks and check your balance. This is a pretty great account.
Richard Fairbank and Nigel Morris founded Capital One in 1988 with the support of Richmond, Virginia-based Signet Bank. Fairbank became the company's CEO on July 27, 1994, after Oakstone Financial was spun off from Signet Financial Corp.
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