MetLife Sells its Banking Unit to Avoid Strict New Fed Regulations

MetLife Sells its Banking Unit to Avoid Strict New Fed Regulations

By: DailyFinance.com

Posted on July 27, 2011 at 07:00 AM EDT

DailyFinance.com : In order to avoid new federal rules and heightened scrutiny from the Federal Reserve and other regulators as a "systemically important financial institution," MetLife has decided to sell its banking unit. MetLife (MET) is the largest life insurer in ... Read more

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