Essay Preview: GeReport this essayGeneral Electric (GE) an industry leader in several areas and has been entering the money market for some time. GE has several subsidiaries within their company; one in particular is GE Money, formally known as GE Consumer Finance. This division of GE is the leading provider of banking and credit services to consumers, retailers, auto dealers and mortgage lenders in approximately 50 countries. 75% of the net income of GE Money is generated outside the United States. In 2006 the revenue of this department alone is $21.7 billion with 50,000 employees. The products offered are corporate travel and purchasing cards, credit cards, debt consolidation, home equity loans, mortgage and motor solutions and personal loans. The area where GE Money is working is in America, Europe, Middle East, Africa and Asia Pacific (GE Imagination at Work).
Frequently Asked Questions About GE’s Financials
Which major industry is GE Money in business? GE Money’s operations in the US have a history of moving away from their traditional traditional business models and focused on a wider range of products, services and customer needs. For the most part GE Money’s activities are carried out as a service product, but with more focus and efficiency and more collaboration to provide consumers new financial tools and services, they have managed to enter new markets, such as retail banking, lending and credit union and investment banking. According to the International Banking Federation:
What types of business are GE Money in? GE Money’s business focus has been primarily on customer experience. For example, GE Money operates its consumer products, including products, programs, services and consumer services; it also has some new offerings, including products, programs, services, personal products and residential products, but primarily its physical stores.
As of April 2015, GE Money and its suppliers across the world are valued at:
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GePoint®
More About GE’s Commercial Banking Program
The GFI offers a wide range of commercial banking programs including banking on credit, credit line products products (such as mortgage cards; mortgage-backed savings accounts); personal banking products (such as personal loan products); and, in our view, the most flexible and innovative method of providing financial services to people who desire to be financial stewards of their own money. Please visit the GFI Webpage for information on the GFI commercial banking process and the GFI commercial banking business model.
How do I find GE Money in each region? The GFI offers a variety of financial assistance programs and special offers for people who can afford to pay through bank accounts in the United States. For more information contact the GFI by calling (310) 242-6030 or visiting www.gf-financials.org.
Which major financial institution is GE Bank in business? GE Bank’s operations in the US have been moving away from their traditional traditional business models and focusing on a broader variety of products, services and customer needs. For the most part GE Money’s operations in the US have a history of moving away from their traditional business models and focused on a wider range of products, services and customer needs. For the largest U.S. commercial banks, there are three main types of banks:
International Banking Association. G. A. International Bank Group is the largest and most important branch group in the U.S. banking system and is based at a number of large banks, primarily in the eastern U.S and North America. GAB is also the largest group of private bankers in the financial system. GAB is an international banking association focused on facilitating international investment banking by helping to create the best and most profitable international financial institutions. GAB members have offices in major European and Asian countries that have been selected to serve G.A. Group’s needs. GAB is managed based on an extensive portfolio of financial and commercial banking technologies and assets that includes:
Global Banking Consortium. GAB participates in the International Commodity Exchange, the major business development body of the U.S., the World Trade Organization and major global financial services organizations. GAB members work closely with global financial and commodity agencies and also collaborate with banks in establishing the world’s biggest free service deposit and fund service banking facilities.
The leadership and longjevity of the company has forced several partnerships with other companies like eBay. Continuing a partnership with eBay GE money has been innovative with products and services to continue to build this partnership to ensure years of continued success. Recently it was announced that GE and eBay will introduce a mastercard with the eBay logo. The partnership will allow cardholders to earn rewards for every dollar spent, online or in stores. “The points are redemable for shipping discounts and vouchers that can be used to shop on eBay or to pay eBay seller fees. The card carries no annual fee” (Ryan, p. 1). The partnership will allow eBay to provide promotional and branding support for the card while GE Money will be responsible for issuing the card and providing customer service, billing and credit management. The ongoing partnership between GE Money and eBay has been in place and beneficial to both companies since the introduction of PayPal.
Thanks to the outstanding support of our current and top notch team, you all love and appreciate your PayPal account. While the experience of working in the industry has come a long way in the past few months, the partnership is definitely one to keep your eye on for the most up and coming customers. Thanks to you all for all that has been good to you. The credit card program has been in operation since 2011 and will continue to get better as it continues to improve. We’ll continue to be proactive with our partners to create and improve these partnerships. Thanks again for your ongoing support.