GE to sell $30 billion finance business worth more than $30 billionStaff writer ▼ | October 13, 2015
General Electric has agreed to sell commercial lending and leasing businesses worth more than $30 billion to Wells Fargo & Co.
Selling Wells Fargo bought businesses from GE
About 3,000 GE employees of the 3,500 in those businesses will shift to Wells through the deal, GE said.
The transaction is expected to be completed in the first quarter of 2016, GE said. ■