GE Capital Sheds 'Systemically Important' Label for 'Too Big to Fail' Firms
June 29 2016 - 9:51AM
Dow Jones News
By Ryan Tracy
WASHINGTON -- U.S. regulators rescinded stricter oversight of
General Electric Co.'s finance arm, GE Capital, after saying the
company had made changes that significantly reduced its threat to
U.S. financial stability.
The U.S. Financial Stability Oversight Council said it had voted
this week to remove the company's "systemically important" tag.
Treasury Secretary Jacob Lew said the change shows that designation
is a "two-way process."
Write to Ryan Tracy at ryan.tracy@wsj.com
(END) Dow Jones Newswires
June 29, 2016 09:36 ET (13:36 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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