Reuters: Financial Services and Real Estate: GE Capital CEO says European risks "manageable"

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GE Capital CEO says European risks "manageable" May 31st 2012, 18:41 Thu May 31, 2012 2:41pm EDT May 31 (Reuters) - General Electric Co's finance arm expects Europe's financial woes to take a toll on its profitability but regards the risk as "manageable," the unit's head, Michael Neal, told an investor conference on Thursday. "If trends continue -- and there is no reason to think they won't -- in Europe, we will come under some pressure. We think it's manageable," the chief executive of GE Capital said. "We thought Europe was going to be this bad and we weren't disappointed." GE Capital's business in Europe is largely focused on the United Kingdom, France and Germany, which have been relatively healthier financially than southern European countries.

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