According to a new report by Bloomberg, Wells Fargo & Co WFC 0.09%, The Toronto-Dominion Bank TD 0.09%, Capital One Financial Corp COF 0.84% and U.S. Bancorp USB 0.09% are among the parties interested in acquiring loan assets from General Electric Co GE 0.43%’s financial wing, G.E. Capital.
Bloomberg reports that the total assets up for grabs in G.E.’s latest round of selling total $40 billion and include direct corporate loans, inventory finance operations, and equipment leasing and transportation finance businesses.
Multiple Buyers Likely
While both Wells Fargo and Toronto Dominion have enough buying power to acquire the entire $40 billion in assets, Bloomberg’s sources indicate that neither will likely take on the entire $40 billion.
Wells Fargo, which has already agreed to purchase about $9 billion of G.E. Capital’s commercial mortgage loans, is reportedly most interested in the equipment leasing and transportation finance businesses up for sale.
Scaling Back
The most recent wave of asset sales is…
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