Western Alliance BancorporationNYSE
Mon, Apr. 25, 7:05 AM
- GE closes the sale of GE Capital's Franchise Finance to Western Alliance Bancorp (NYSE:WAL). The deal includes about $1.3B in ending net investment and the majority of the operation's employees.
- The sale releases about $200M of capital, and GE Capital believes it's on track to send up about $35B in dividends to its parent.
- Now read: General Electric Investors Seek Value, But Won't Get Any At $31 A Share (April 24)