GE's WMC Mortgage Unit, Felled By Financial Crisis, Files Chapter 11 Bankruptcy

April 24, 2019

Reuters, Apr. 23, 2019--Jonathan Stempel
General Electric Co on Tuesday put the remnants of its WMC Mortgage unit into bankruptcy, 11 days after paying a $1.5 billion U.S. fine over defective subprime mortgages issued by WMC before the 2008 financial crisis.

Full Story
Share this article