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
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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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