Capitalal has changed its business and cites among other things ge capitals exit of the u. S. And consumer businesses and transformation of its funding model. You might recall during the financial crisis ges finance arm almost took the company down and since that time, it has certainly changed that this or i should say last year undertaking an aggressive plan to reduce ge capital selling over half of its assets and, indeed, since that time, it sold about 166 billion or signed 166 billion worth of deal. Now keep in mind, ge is one of four nonbank companies that have been given this systemically important financial rating. Others include aig, met life and prudential and met life is involvedn a legal battle with the fed having, of course, received a favorable ruling earlier this year by a judge who said tFederal Reserve or the government could not designate it as that. That means these companies are subject to Federal Reserve reover sight and enhanced capital rerooirmts. The fsoc voted to
The storied Hollywood company behind ‘The Godfather’ faces its biggest battle yet as Shari Redstone’s merger plans collide with shareholder fury and a CEO on the outs.
A network of Jewish alumni from Columbia University sent a scathing letter to President Minouche Shafik for allowing anti-Israel protesters to continue to invade campus warning that violence against Jewish students may be imminent.
A network of Jewish alumni from Columbia University sent a scathing letter to President Minouche Shafik for allowing anti-Israel protesters to continue to invade campus.