Saturday, 24 February 2018

UPDATE 2-GE says it may face U.S. action over subprime mortgage operations

NEW YORK, Feb 23 (Reuters) - General Electric Co faces potential legal action by the U.S. Department of Justice over allegations that its GE Capital unit and now-defunct WMC Mortgage Corp unit violated U.S. law in connection with subprime mortgages, according to a regulatory filing on Friday.



from Reuters: Company News http://ift.tt/2HEvlmW
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