PwC Hires More Companies’ Tax Teams
In the latest deal under the professional services firm's "insourcing" managed-service strategy, most of Synchrony's tax department is now on its payroll.
GE Broods on Cash-flow Woes
GE's new CEO tightens reins as cash-flow projection plummets to $7 billion.
GE Transfers Bulk of Tax Team to PwC
In exchange, GE will get to shed salaries while still benefiting from the expertise of a team it apparently continues to value highly.
GE Posts Higher Q2 Earnings and Revenue
But the industrial unit's performance continued to be hampered by oil and gas volatility.
GE Capital Sheds ‘Too Big To Fail’ Label
Regulators decide the finance firm is no longer "systemically important," recognizing GE's extensive divestitures of non-core assets.
GE’s Core Revenue Climbs 6% to $25.8B
The company is facing challenges in its oil and gas business but renewable energy revenues grew 62%.
GE Capital Says It’s Not ‘Too Big To Fail’
The GE unit says it has completed 80% of its asset reductions and exited consumer lending.
Accounting and Finance Roundup for Executives
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Wells Fargo Buys $32 Billion in GE Capital Assets
Wells Fargo also takes on 3,000 GE Capital employees.
Goldman Sachs Gets $16B in Deposits From GE Capital
The acquisition of GE's online banking unit gives Goldman a cheap source of funding as it becomes more of a universal bank.
Fed to Apply New Rules to Slimmer GE Capital
As GE sells off pieces of its banking unit, it will be required to comply with rules for nonbank systemically important financial institutions.