The real reason GE is dumping banking

April 12, 2015 5:15 AM

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The real reason GE is dumping banking

Opinion: Immelt couldn’t convince investors banking was OK

SAN FRANCISCO (MarketWatch) — The temptation for many today will be to link General Electric Co.’s stunning announcement that it will shed its massive banking arm to what some see as a regulatory crackdown in the wake of the financial crisis.

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