US bank Wells Fargo is in talks with General Electric Co for acquiring the latter’s entire $74 billion U.S. commercial lending and leasing (CLL) portfolio. According to sources, the discussions have started about a week ago. GE expects other parties too to make offers. GE is also exploring selling the U.S. CLL portfolio piecemeal and could decide to break the business up. The talks underscore GE’s urgency in looking to dismantle its GE Capital business and free itself from the financial regulatory pressures that come with it. GE earlier this month unveiled plans to exit the bulk of GE Capital over the next few years to focus more on industrial manufacturing. The company has also announced that it had agreed to sell most of the real estate assets of GE Capital to Blackstone Group and Wells Fargo for $23 billion. That deal took less than four weeks to negotiate. GE’s CLL business offers secured commercial loans and equipment financing to primarily midsized companies. Wells Fargo is also active in this sector with a business called Wells Fargo Capital Finance.