GE Capital Asia shuts down structured finance unit

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GE Capital Asia shuts down structured finance unit

Shruti Chaturvedi
March 19, 2015 12:00 PM
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FILE - In this Dec. 2, 2008 file photo, a General Electric (GE) sign is displayed at Western Appliance store in Mountain View, Calif. GE Capital said Friday, Dec. 24, 2010 it will sell a Mexican consumer mortgage business that includes a $2 billion loan portfolio to Grupo Financiero Santander Mexico. The lending unit of Fairfield, Conn.-based General Electric Co. will receive about $170 million, according to a company official who wasn't authorized to talk about the deal. (AP Photo/Paul Sakuma, File) | Paul Sakuma/ASSOCIATED PRESS

GE Capital is understood to be winding up its structured finance operation for Asia as it rethinks its broader presence in the region. It has had a steady stream of departures since late 2014.

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