G.E.’s Retail Finance Arm Raises $2.9 Billion in I.P.O. | NYTimes.com

Synchrony’s I.P.O., the largest in the United States so far this year, constitutes one of the biggest steps yet by G.E. to reduce its dependence on GE Capital.

The division was once the biggest driver of its earnings, but ultimately wounded the business titan during the financial crisis.

via G.E.'s Retail Finance Arm Raises $2.9 Billion in I.P.O. – NYTimes.com.

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