GE Takes $6.2 Billion Charge

  • 6 years ago

(Reuters) - General Electric Co will record an after-tax charge of $6.2 billion in its fourth quarter results as part of an ongoing review of its finance arm’s insurance portfolio, the company said. The company, which started the review last year, also said its GE Capital unit expects to make statutory reserve contributions of about $15 billion over seven years. In November, GE’s new Chief Executive John Flannery outlined steps to turn the biggest U.S.

Recommended