GE bids farewell to its banking biz

April 10, 2015 11:55 AM

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General Electric announced plans on Friday to return a massive $90 billion to shareholders in the next few years by selling off its banking business, GE Capital.

The conglomerate has been slowing selling off its media, financial and appliances assets in recent years and doubling down on its industrial manufacturing business in an effort to simplify.

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