“General Electric (NYSE:GE) disposes of more of its bank-like assets, agreeing to sell GE Capital’s U.S. online deposit platform along with all deposits ($16B) of GE Capital Bank to Goldman Sachs Bank (NYSE:GS).
Coupled with the upcoming spinoff of Synchrony Financial, this deal will nearly mark a complete exit from U.S. banking operations, says GE Capital CEO Keith Sherin, and eliminates the exposure to U.S. deposit insurance.” Source
