Economic Times reports that Jeff Immelt said
We will get out of consumer loans and focus on a few segments such as the credit card and infrastructure financing business, may be do a bit of commercial loan
Too bad. Although I left GE Money way back in 2007, it is still close to my heart. It was my first job post MBA and it was an awesome learning experience. Unfortunate that we weren’t really made for each other and I decided to part ways.
And more importantly the report says that GE would miss its 2010 revenue target of USD 8 billion. Worried about my friends back at GECF 🙁