When did GE Capital get acquired by Wells Fargo Bank?

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2026-08-12 06:45

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GE Capital was not directly acquired by Wells Fargo Bank. Instead, in 2015, Wells Fargo announced that it would acquire GE Capital's franchise finance business, specifically focusing on its healthcare and commercial finance units. This acquisition was part of GE's strategy to divest from its financial services sector. The deal was valued at approximately $9 billion and was completed in 2016.

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