The conglomerate could reduce its GE Capital arm or could even severe its commercial lending business, Dow Jones reported on Wednesday, citing sources.
GE declined to comment on those claims.
According to those sources, GE would seek to keep its aircraft leasing, energy and healthcare financing businesses, Dow Jones reported.
These considered changes come amid a shift at GE in weighing the benefits of lending compared to its unpopularity among investors, the Dow Jones report said.
Company executives have suggested in recent months that further cuts may occur.
"I think that there's been a lot of uncertainty around GE Capital and what's the right size, what options do we have," GE CFO Jeff Bornstein said at a Barclays Conference in February.
-CNBC's Mary Thompson contributed to this report.