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GE wants 'too big to fail' label removed from GE Capital

It says its finance arm has shrunk too much to meet the criterion now

Published Fri, Apr 1, 2016 · 09:50 PM
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Washington

GENERAL Electric (GE) has asked regulators to lift the "too big to fail" label on GE Capital, saying in a filing on Thursday that its finance arm had shrunk to the point where it no longer met the criterion.

GE Capital is one of four non- bank financial institutions that regulators have designated as "systemically important" to the financial system. On Wednesday, another one, MetLife, won a court order to lift its designation.

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