TITLE

Loans "R" Us

AUTHOR(S)
Condon, Bernard; Gage, Jack
PUB. DATE
December 2007
SOURCE
Forbes Asia;12/10/2007, Vol. 3 Issue 21, p46
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the increasing number of manufacturers that have ventured into financial services. A lot of companies that are not classified as financial have financial arms and could suffer along with the banks and the brokers if borrowers stop paying their bills. General Electric (GE), for example, gets 34% of its pretax earnings from financial services. Businesses selling to other businesses on credit is big, too. That is more or less how GE veered away from light bulbs and locomotives and into loans and leases.
ACCESSION #
28459433

 

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