State equity is said to be nearing a deal to buy GE Electric 's ( us ) $ 115bn asset management business , as GE continues to shed various businesses and refocus its focus on its industrial assets . An agreement could come as early as this time and valued GE 's asset management business at as much as $ 500 billion .
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.