GE Capital finds potential buyer

According to a Boating Industry article, Wells Fargo has been recognized as a prime candidate to purchase GE Capital’s commercial lending and leasing portfolio, valued at $74 billon.

While representatives from both GE and Wells Fargo have decline to comment on the possible agreement, “GE Chief Financial Officer Jeff Bornstein told Bloomberg last week that the company has talked to ‘a broad geographic spectrum’ of potential buyers’” in order to sell GE Capital.

To read the full article via Boating Industry, click here.