General Electric divests GE Capital (2015)
General Electric said it would sell or spin off most of its GE Capital finance arm, returning about $90 billion to shareholders. The move refocused GE on its industrial businesses of aviation, power, and renewables.
GE sold large parts of GE Capital, including its US consumer lending and real estate units.
The divestiture marked GE's shift from a conglomerate with a big finance arm to a focused industrial company.
Like GE, nib is selling a non-core financial business to sharpen focus on its main line: private health insurance.
