Items Tagged with 'GE Capital'

ARTICLES

  • Roostify snags deputy marketing exec from CoreLogic

    Courtney Chakarun joins the company as its chief marketing officer
    Roostify announced Monday that Courtney Chakarun has joined the company as its chief marketing officer. Roostify CEO Rajesh Bhat said Chakarun's extensive leadership experience and marketing prowess will be great assets to Roostify.
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  • GE books $1.5 billion for potential settlement with DOJ over WMC subprime loans

    GE sold WMC in 2007, but problems still remain
    General Electric may be facing a fine of at least $1.5 billion for the lending activities of its shuttered subprime lending unit, WMC Mortgage. GE revealed last week that it booked a reserve of $1.5 billion that may be used as a settlement with the Department of Justice over the company’s subprime lending from 2005 through 2007.
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  • GE Capital mere days from 'exiting' U.S. banking system

    Sells online deposit platform to Goldman Sachs
    GE Capital, once a big player in housing finance, is now just a handful of days away from exiting the U.S. banking system after the company completed the sale of its online deposit platform to Goldman Sachs. According to GE Capital, that sale positions the company to terminate its FDIC insurance and "extinguish" its final U.S. bank charter.
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  • Fortress Investment Names Former Fannie Chief as CEO

    Asset-based investment management company Fortress Investment Group [stock FIG][/stock], which manages private equity and hedge funds, appointed the former head of mortgage giant Fannie Mae [stock FNM][/stock], Daniel Mudd, as CEO. Mudd also served as CEO of GE Capital in Japan and held positions in financial services and management consulting at the World Bank, Ayers Whitmore and Co. and Xerox Corp.
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