GE to Sell Its Subprime Unit As Losses Continue to Mount
A sale would effectively take the conglomerate out of the mortgage business in the U.S.; the company may invest the proceeds in a higher-growth consumer-finance business.
More: continued here
A sale would effectively take the conglomerate out of the mortgage business in the U.S.; the company may invest the proceeds in a higher-growth consumer-finance business.
More: continued here
Fremont in talks to sell subprime unit (Reuters)
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Fremont in talks to sell subprime unit, loans (Reuters)
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GE plans to sell WMC subprime lending unit: memo (Reuters)
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H&R Block to sell subprime unit (AP)
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More Subprime Woes to Come (BusinessWeek Online)
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