State Street is said to be nearing a deal to buy GE (General Electric's) $115bn asset management business, as General Electric's continues to shed various businesses and refocus its attention on its industrial core. An agreement could come as early as this month and value General Electric's's asset management business at as much as $500m.
State Street is said to be nearing a deal to buy General Electric's (GE) $115bn asset management business, as GE continues to shed various businesses and refocus its attention on its industrial core. An agreement could come as early as this month and value GE's asset management business at as much as $500m.