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April 27, 2015

GE in talks to sell lending, leasing portfolio to Wells Fargo

U.S.--Reuters   reported that General Electric is in early-stage talks with Wells Fargo & Co about selling its entire $74 billion U.S. commercial lending and leasing (CLL) portfolio to the bank, according to a source familiar with the situation.

According to the   Reuters  report, GE is also exploring selling the U.S. CLL portfolio piecemeal and could decide to break the business up, the source added. The source asked not to be identified because the talks are confidential. GE and Wells Fargo declined to comment.

To read the entire   Reuters  article - "GE in Talks to Sell Lending, Leasing Portfolio to Wells Fargo",   click here.

 

 

 

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