MetLife Wins Approvals From Fed, FDIC to Deregister as Bank

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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