UPDATE 2-GE says it may face U.S. action over subprime mortgage operations
23 Feb UPDATE 2-GE says it may face U.S. action over subprime mortgage operations
Posted at 00:15h
in
News
by KMFSLLP
NEW YORK, Feb 23 (Reuters) – General Electric Co
faces potential legal action by the U.S. Department of Justice
over allegations that its GE Capital unit and now-defunct WMC
Mortgage Corp unit violated U.S. law in connection with subprime
mortgages, according to a regulatory filing on Friday.
![](http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/UsdFpLVFIuo)
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