Financial Times FT.com

GE denies finance arm contains ‘time bomb’

By Justin Baer and Francesco Guerrera in New York

Published: March 6 2009 02:18 | Last updated: March 6 2009 02:18

General Electric plans to put its embattled finance arm through a series of “stress tests” and unveil the results later this month – the conglomerate’s latest effort to allay fears the division faces mounting losses this year.

Keith Sherin, chief financial officer, took to GE’s business news television network, CNBC, on Thursday morning amid speculation the company would have to raise additional cash, spin off GE Capital or seek government help.

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