GE's WMC Mortgage unit, felled by financial crisis, files Chapter 11 bankruptcy
April 23, 2019 at 11:00 AM EDT
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.
