GE Requests End of Too-Big-to-Fail Designation

The transcript discusses GE's strategic move to downsize by selling off $200 billion in assets to shed its systemically important designation. It highlights the progress made, with 80% of the target achieved. The timing coincides with MetLife's court victory in a similar case, though it's deemed coincidental. GE aims to submit its application by the end of the first quarter, emphasizing the urgency of meeting this deadline.

What was GE's primary goal in selling off assets from GE Capital?

• To acquire new businesses

• To expand their financial unit

• To drop their systemically important designation

• To increase their market share

How much of their asset sale target has GE achieved so far?

• 60%

• 80%

• 90%

• 50%

What recent event involving MetLife might influence GE's situation?

• MetLife's financial crisis

• MetLife's partnership with GE

• MetLife's escape from a too-big-to-fail designation

• MetLife's acquisition of a major competitor

What was the deadline for GE to submit their application?

• End of the week

• End of the first quarter

• End of the fiscal year

• End of the month

What was the main reason for GE's urgency in submitting their application?

• To meet a court order

• To align with MetLife's strategy

• To meet an internal deadline

• To respond to a market crisis