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GE Money Bank (formerly GE Capital Bank) was a significant institution in the Czech Republic. It was founded in 1997, after the acquisition of Agrobanka bank as GE Capital Bank. In the year 2000, it changed the name to GE Money Bank. It went through an IPO in 2016 and operates under the new name of Moneta Money Bank.
GE sold its remaining stake in the company in February 2006 for $2.8 billion. In June 2006, the company agreed to buy AssetMark Investment Services for $230 million. In 2007, another GE Capital insurance company, First Colony Life Insurance Company, merged with the company's life insurance division and became the surviving entity.
In 2012, the company acquired GE Money Housing Finance and the home equity loan portfolio of GE Money Financial Services from GE Capital India. In March 2015, Magma Fincorp received a Rs. 500 Cr investment from KKR, Indium V, and LeapFrog Investments. In 2016, Mayank Poddar stepped down as chairman.
NEW YORK & NORWALK, Conn.--(BUSINESS WIRE)-- The Senior Secured Loan Program (SSLP), jointly managed by an affiliate of Ares Capital Corporation and an affiliate of GE Capital, announced today ...
GE Capital's turnaround required a helping hand. In 2009, legendary investor Warren Buffett stepped in to back General Electric with a $3 billion loan to a company he called "the symbol of ...
GE Capital is Administrative Agent on a $300 Million Credit Facility for Sotheby's NORWALK, Conn.--(BUSINESS WIRE)-- GE Capital, Corporate Finance today announced it is serving as administrative ...
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