GE Money moving HQ to London

in Company & Markets

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General Electric has decided to relocate the headquarters of its key consumer financing business, GE Money, from Connecticut to London, a GE spokesman said  — a move symbolizing a shift in the US conglomerate’s centre of gravity.

GE, one of the largest and oldest companies in the US with revenues of 25 bln usd a year, underlines the increasingly global nature of the company.

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