UPDATE 1-U.S. lifts "too big to fail" designation of GE's financing unit
June 29, 2016 at 10:08 AM EDT
June 29 (Reuters) - Lender GE Capital is no longer "too big to fail" - the U.S. government on Wednesday removed its "systemically important" designation, a label born of the financial crisis given to institutions with the potential to wreck the economy in the event of distress.