The U.S. Financial Stability Oversight Council said Wednesday that it voted this week to remove its label on GE Capital as “systemically important financial institution,” which carries more stringent oversight. Treasury Secretary Jacob Lew, who chairs the council, said the change shows that designation is a... WASHINGTON—General Electric Co.’s lending arm became the first big financial institution to escape stricter post-crisis rules by sharply shrinking, in what could be a sign of things to come for other titans of finance.

Source: Wall Street Journal June 29, 2016 13:13 UTC