MetLife's Bid To Deregister As Bank Gets Green Light

Law360, New York (February 14, 2013, 5:50 PM EST) -- MetLife Inc. said Thursday that it had received the go-ahead from federal banking regulators to deregister as a bank holding company, the final step in the insurer's wind-down of its banking business after completing the sale of its depository business to GE Capital last month.

MetLife said that it had received the required approvals to deregister from both the Board of Governors of the Federal Reserve and the Federal Deposit Insurance Corp. The company declined further comment.

MetLife, the nation's largest insurer, decided in 2011 to...
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