World Economy

Japan Bank Eyes GE Capital

Japan Bank Eyes GE CapitalJapan Bank Eyes GE Capital

Shinsei Bank, a leading diversified Japanese financial institution, has expressed desire to acquire the Asia Pacific operations of GE Capital, the financial services unit of General Electric, according to a Reuters report. Shinsei’s interest in acquiring GE Capital, which includes its Japanese commercial finance operations in the sale, bodes well for its overall plan to grow its business into niche markets. A source familiar with the matter told Reuters that the assets of GE Capital could be worth around $5 billion. Shinsei’s incoming president Hideyuki Kudo told Reuters the bank is looking into the deal.