Bloomberg News

MetLife Wins Approvals From Fed, FDIC to Deregister as Bank

February 14, 2013

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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