By Alexander Bueso
Date: Wednesday 29 Jun 2016
LONDON (ShareCast) - (ShareCast News) - Regulators Stateside took GE Capital, General Electric´s finance arm, off their list of "systemically important" firms, potentially opening the way for the company to be able to increase its level of gearing.
The decision followed a vote by the US Financial Stability Oversight Council this week.
US Treasury Secretary Jack Lew said the decision, which followed the sale of nearly $156bn of GE Capital´s businesses in order to avoid onerous regulations, showed that such a designation was a two-way process.
As of 15:10 BST shares in GE were higher by 1.59% to $30.42.
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Currency | US Dollars |
Share Price | $ 159.73 |
Change Today | $ 0.00 |
% Change | 0.00 % |
52 Week High | $180.12 |
52 Week Low | $104.92 |
Volume | 15,456 |
Shares Issued | 1,088.42m |
Market Cap | $173,853m |
RiskGrade | 177 |
Strong Buy | 7 |
Buy | 7 |
Neutral | 3 |
Sell | 0 |
Strong Sell | 0 |
Total | 17 |
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