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GE Capital said it was prepared for the designation. We have strong capital and liquidity positions, and we are already supervised by the Fed, spokesman Russell Wilkerson said in a statement Tuesday night.
Date: Jul 09, 2013
Category: Business
Source: Google
GE Capital, AIG will not appeal US risk panel systemic tag
"We have strong capital and liquidity positions and we are already supervised by the Fed. Accordingly, we have decided not to appeal or ask for a hearing," said Russell Wilkerson, a spokesman for GE Capital, the financial services arm of General Electric.
Date: Jul 02, 2013
Category: Business
Source: Google
GE Capital, AIG named 'systemically important' by US
AIG and Prudential, in statements issued Monday after a meeting of the Financial Stability Oversight Council, said they were notified of the proposed designations. Russell Wilkerson, a spokesman for Norwalk-based GE Capital, said in an email that his company also received a notice.
In its statement, AIG didn't say whether it intended to challenge the designation. Prudential said it is considering whether to request a hearing before the council to contest it. GE Capital spokesman Russell Wilkerson said the company is "reviewing the details."
Date: Jun 04, 2013
Source: Google
US Regulators Vote to Label Some Non-Banks Systemically Risky
Matt Gallagher, a spokesman for New York-based AIG,declined to comment. Bob DeFillippo, a spokesman for Prudential,and Russell Wilkerson, a spokesman for GE Capital, didntimmediately return phone calls seeking comment.
Date: Jun 03, 2013
Category: Business
Source: Google
GE financial unit to stop financing gun purchases - USA Today
The company implemented the new policy "in light of industry changes, new legislation and tragic events that have caused widespread reexamination of policies on firearms," GE Capital spokesman Russell Wilkerson said in an e-mail.
Date: Apr 24, 2013
Category: Business
Source: Google
AIG Says U.S. Weighs Risk Tag That Could Add Capital Limits
rudential has said it meets the councils thresholds for further evaluation and GE Capital, the finance arm of General Electric Co., has said it expects to be named systemically important. Russell Wilkerson, a spokesman for the GE unit, declined to comment on the latest stage of the councils review.
Date: Oct 02, 2012
Category: Business
Source: Google
GE to Sell Lending Unit to EverBank for $2.51 Billion
The sale will reduce GE Capitals ending net investment, ameasure of the units size that excludes non-interest-bearingliabilities and cash, by $5 billion, a spokesman, Russell Wilkerson, said in an e-mail. Ending net investment at the unitis targeted to fall 3.4 percent to $425 billion this year