GE Rearranges GE Capital

NU Online News Service, July 27, 11:01 a.m. – General Electric Company, Fairfield, Conn., says it will be splitting its GE Capital unit into four separate divisions Aug. 1 to make GE easier to run and easier for investors to understand.

GE Capital Services Inc. and GE Capital Corp. will continue to be the legal entities responsible for raising the capital used to finance the financial services businesses, GE says.

But, for day-to-day management purposes, GE will now run the businesses through the GE Insurance, GE Commercial Finance, GE Consumer Finance and GE Equipment Management units.