GE Capital

GE Capital was the financial services division of General Electric (GE), one of the largest conglomerates in the world. Established in 1932, GE Capital provided a wide range of financial products and services, including commercial lending, leasing, insurance, and consumer finance, to businesses and individuals around the world.

GE Capital played a significant role in supporting GE's industrial businesses by providing financing solutions to customers purchasing GE products and services. The division also operated standalone financial businesses, including GE Capital Aviation Services (GECAS), which leased aircraft to airlines, and GE Capital Retail Finance, which offered consumer credit cards and retail financing programs.

However, in the wake of the global financial crisis of 2008 and subsequent regulatory changes, GE made the strategic decision to downsize and eventually exit the majority of its financial services businesses. As a result, GE Capital underwent a significant restructuring process, including divestitures, spin-offs, and asset sales, to reduce its size and risk profile.

By 2019, GE Capital had largely exited the financial services industry, with GE focusing on its core industrial businesses such as aviation, healthcare, power, and renewable energy. The transformation of GE Capital marked a significant shift in GE's business strategy, as the company sought to simplify its operations, reduce its debt burden, and refocus on its core competencies.

Active/Inactive	Active
Headquater	Norwalk, Connecticut, United States
Incorporation Year	1932(92 yrs old)
Industry	Financial Services
Company Employees	10000+
Website	http://gecapital.com
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