GE is in the process of refocusing its business back onto its industrial heritage and away from financial services, having last year announced it would sell off the bulk of its massive GE Capital arm.
Having reduced its assets by 52% over the past year, from $549bn to $265bn, GE Capital “has substantially reduced its risk profile and is significantly less interconnected to the financial system”, the company says, meaning it no longer poses “any conceivable threat to US financial stability”.
Going
