Wanting to secure long-term financing for its GE Capital unit, GE reportedly made a play for...


Wanting to secure long-term financing for its GE Capital unit, GE reportedly made a play for Hudson City Bancorp (HCBK) before the lender fell into the arms of M&T Bank (MTB). Previously (and maybe still) a bank dressed up in an industrial firm's clothes, GE's reliance on short-term funding nearly brought the enterprise to ruin in 2008.

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