GE says it may face U.S. action over subprime mortgage operations

NEW YORK (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.

from Reuters: Business News http://ift.tt/2GGqLmV