Breaking News

EDF Names Jean-Bernard Levy Interim Chairman, CEO
Tweet TWEET

MetLife Sells Insurer’s Warehouse Finance Business to EverBank

MetLife Inc. (MET), the life insurer retreating from banking to limit federal oversight, agreed to sell its warehouse finance business to EverBank Financial Corp.

The deal is expected to be completed by June 30, according to a Marketwire statement today from Jacksonville, Florida-based EverBank that didn’t disclose terms.

To contact the reporter on this story: Andrew Frye in New York at afrye@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.