Wells Fargo $32 billion acquisition of GE Capital finance platforms

Overview:

• Wells Fargo has completed its $32 billion acquisition of finance platforms from GE Capital.
• The platforms included GE Capital's Commercial Distribution Finance (CDF) business and Vendor Finance businesses, in addition to a portion of GE Capital's Corporate Finance business.
• The businesses hold portfolios in North America, EMEA, Asia and Oceania.
• The sale was part of a concerted effort by GE Capital to shed its "too big to fail" government-applied designation by divesting assets. 
• The deal was completed in sections based on region.
• The transaction was first announced in October 2015.

Kurt Stumpo - Journalist