MetLife Wins Approvals From Fed, FDIC to Deregister as Bank
By Dan Kraut -
2013-02-14T17:23:27Z
MetLife Inc., the largest U.S. life insurer, said it won approval from the Federal Reserve to deregister as a bank holding company after selling deposits to General Electric Co.
MetLife’s exit was also approved by the Federal Deposit Insurance Corp., the New York-based insurer said today in a statement distributed by Business Wire.
To contact the reporter on this story: Dan Kraut in New York at Dkraut2@bloomberg.net
To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net
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