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Press Release

GE Money、日本の個人向け金融サービス事業を新生銀行に売却することで合意

July 11, 2008

より高いリターンが期待できるビジネスに資本再投資する施策を推進

GEの個人向け金融サービス部門であるGE Moneyは、本日、日本の個人向け金融サービス事業を日本有数の金融機関である新生銀行に売却することで新生銀行と合意に至りました。

GEコンシューマー・ファイナンス株式会社の全株式を譲渡することによって、GEコンシューマー・ファイナンスならびにその子会社が展開しているクレジットカード事業ならびにモーゲージローン事業、「レイク」ブランドのパーソナルローン事業を新生銀行に譲渡するものです。譲渡価格は5,800億円(54億USドル)で、必要な当局からの許認可など売却実行条件を満たすことを前提として、本年9月末までに譲渡完了の予定です。

今回の合意に基づき、新生銀行は、対象となるGE Moneyの日本のパーソナルローン事業、クレジットカード事業、モーゲージローン事業を譲り受けると共に、日本の個人向け金融市場における地歩を強化する戦略の一環として、これらの事業に従事する社員の雇用を承継する予定です。


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Press Release

GE Money Agrees To Sell Its Consumer Finance Business In Japan To Shinsei Bank

July 11, 2008

Proposed transaction is in line with objective to redeploy capital for higher returns


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Press Release

GE Money Home Lending appoints Chief Risk Officer

July 09, 2008

GE Money Home Lending, one of the UK's leading specialist lenders, has appointed Ian Wilson as its new Chief Risk Officer (CRO), reporting to CEO Colin Shave.

Ian has a wealth of UK banking experience and 15 years credit risk experience. He joins GE Money from Santander Group where he held the position of Managing Director, Abbey Business. Prior to Abbey Ian worked for RBS, holding key positions including Director Credit Risk, Retail Banking -as well as a period at Ernst & Young as a Senior Consultant in Retail Banking.


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Press Release

GE Unit Surpasses $4 Billion Renewable Energy Mark with NY Wind Farm Investment

July 09, 2008

STAMFORD, Conn.--09 July 2008-- With a goal of investing $6 billion in renewable energy by 2010, GE Energy Financial Services surpassed the $4 billion mark today by investing in New York State's three newest wind farms. The unit of GE (NYSE: GE) will invest a total of $100 million in the three wind farms, whose construction began last month.


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Press Release

GE Money Home Lending appoints Chief Risk Officer

July 09, 2008

GE Money Home Lending, one of the UK's leading specialist lenders, has appointed Ian Wilson as its new Chief Risk Officer (CRO), reporting to CEO Colin Shave.

Ian has a wealth of UK banking experience and 15 years credit risk experience. He joins GE Money from Santander Group where he held the position of Managing Director, Abbey Business. Prior to Abbey Ian worked for RBS, holding key positions including Director Credit Risk, Retail Banking -as well as a period at Ernst & Young as a Senior Consultant in Retail Banking.


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Press Release

Don't just view equity negatively ...

July 02, 2008
  • A 'typical' homeowner who bought as recently as 2004 has an average "equity cushion" of 48% - prices would need to fall by almost half before value of the loan exceeded property value*
  • Average home bought in 2000 with average deposit of £27K has provided a 58% buffer, based on today's prices
  • The average London property purchased in 1995 would need to depreciate by three quarters (73%) for the owner to encounter negative equity



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Press Release

GE Corporate Lending Provides $175 Million Debtor-in-Possession Credit Facility to Goody's Family Clothing, Inc.

July 01, 2008

NORWALK, Conn.--July 1, 2008--GE Commercial Finance Corporate Lending today announced it provided a $175 million debtor-in-possession credit facility to Goody's Family Clothing, Inc., an apparels retailer. The loan will be used for working capital needs as the company restructures under Chapter 11. GE Capital Markets arranged the transaction.


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Press Release

Competitive advantage for companies offering consumer finance options

July 01, 2008
  • UK home improvements market worth £42 billion annually, with average household spending running at £1721.20
  • 85% of companies servicing the home improvements marketplace do not currently offer consumer finance options to their customers
  • Financial providers' longevity and experience in the marketplace are ranked amongst the most important criteria by companies considering a financial services partner



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Press Release

Cosmos Bank Announces Successful Completion of Recapitalization

December 28, 2007

SAG and GE's investment of NT$29.7 billion to strengthen capital base and position for future growth


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GE Corporate Lending Provides $325 Million to Sportsman's Warehouse

December 27, 2007

NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it provided a $325 million asset-based credit facility to Sportsman's Warehouse, an outdoor sporting goods retailer. The financing will be used to fund working capital needs. GE Capital Markets arranged the transaction. GE also provides the company with aircraft loan financing through GE Equipment Financial Services.

Based In Midvale, UT, Sportsman's Warehouse has locations throughout the U.S. selling equipment, apparel, footwear and accessories for hunting, fishing and camping.


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