General Electric Company To Sell Its Finance Portfolio To Wells Fargo and Co

General Electric Company (NYSE:GE) is in talks with Wells Fargo & Co. (NYSE:WFC) to sell a specialty finance portfolio worth $30 million. The deal is expected to be announced by the time Wells Fargo announces its third quarter of fiscal 2015 (3QFY15) earnings. The deal will free GE from heavy regulatory requirements; however, both the companies have declined to comment on the matter.