MetLife, US Agree To End Appeal Over Stricter Regulatory Tag
By Kat Greene (January 18, 2018, 10:46 PM EST) -- MetLife Inc. and the government on Thursday agreed to end an appeal of a judge's order releasing the insurer from its status as a systemically important financial institution, ending a fight that fizzled after the Trump administration started easing regulations put into place after the financial crisis.
The New York-based insurer and the Financial Stability Oversight Council lodged a joint motion to dismiss the case at the D.C. Circuit, signaling that MetLife will remain free of the SIFI designation, which would have placed it under stricter regulatory scrutiny.
MetLife said in a statement Thursday that it will file another joint motion...
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