| Home : December 2011 : December 28, 2011 News : GE Capital to Acquire MetLife’s U.S. Retail Deposit Business |
GE Capital to Acquire MetLife’s U.S. Retail Deposit Business |
December 28, 2011
GE Capital, the financial services division of GE (NYSE: GE), announced today that its wholly-owned bank affiliate, GE Capital Financial Inc. is acquiring MetLife’s U.S. retail deposit business, consisting of ~$7.5 billion in U.S. deposits and an established online banking platform. Financial terms of the transaction were not disclosed.
1888PressRelease - “This acquisition fits with our plans to launch a U.S. deposit platform,” Dan Henson, president and CEO of GE Capital - Americas, said. “It accelerates our timing, helps us build a stronger and more c [...]
http://www.1888pressrelease.com/ge-capital-to-acquire-metlife-s-u-s-retail-deposit-business-pr-361738.html
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