GOLDMAN SACHS: GE Capital has a $20 billion funding gap that needs to filled by 2020 (GE)

pulse

November 18, 2018 3:15 PM

General Electric's lending arm, GE Capital, has to fill in a $20 billion leverage gap through ways such as selling assets, Goldman Sachs says.

General Electric

CEO Larry Culp told CNBC Monday that he would cut the company's leverage by selling assets.
On Friday, GE Capital sold a $1.5 billion healthcare-equipment finance portfolio to US lender TIAA Bank.

General Electric's, Goldman Sachs says.

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