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Exact(17)
Some analysts suggest that the company might shed its financing businesses or its facilities management business.
Together, the two financing businesses operate in 100 countries and employ 150,000 people.
A key priority will be to continue the integration of our traditional banking and financing businesses together with our principalling capabilities to deliver integrated product solutions.
Separately, General Electric said it would cut 3,000 jobs at its GE Capital unit and will exit some financing businesses to reduce expenses.
Mellon, which is based in Pittsburgh, said in January that it might sell three of its financing businesses because they were not generating enough profits.
In 2001, total auto sales stayed at a near-record level, especially after Sept. 11, largely because G.M. and Ford leaned heavily on their financing businesses to pump up sales.
Similar(37)
Soon Mr. Rattner was pulled into the movie financing business.
This remains a popular way of financing business in Vietnam.
Ford Credit, the company's financing business, reported pretax profit of $1.08 billion, up from $678 million.
At the heart of the dispute is General Electric's aviation financing business, GE Capital Aviation Services, known as Gecas.
Wells Fargo said the charges included about $80 million in losses from its auto financing business.
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CEO of Professional Science Editing for Scientists @ prosciediting.com