MetLife Inc., the insurer seeking an exit from banking to limit U.S. oversight, advanced in New York trading after bypassing the Federal Deposit Insurance Corp. in its plan to sell deposits to General Electric Co.
MetLife Inc., the insurer seeking to exit banking to limit U.S. oversight, amended a deal to sell about $7 billion in deposits to General Electric Co. so that Federal Deposit Insurance Corp. approval is no longer required.
MetLife Inc., the U.S. insurer with a $60 billion real estate portfolio, is no longer a partner in the Transbay Tower development in San Francisco, which would be the city’s tallest office building should it be constructed.
After her mother died, Jasmine Williams was assured by MetLife Inc. that her $101,819 in life insurance benefits were safe and was sent what the company called a guaranteed money market “checkbook” in 2002.
MetLife Inc. told the U.S. Securities and Exchange Commission it expects to win approval from the Federal Deposit Insurance Corp. for a deal to sell banking assets to General Electric Co. and can’t specify when permission may be granted.
A former BP Plc worker taking part in its employee savings plan sued the U.K. oil company and a U.S. affiliate, claiming they wrongly kept declining depositary receipts in the plan portfolio after the Gulf of Mexico spill.
MetLife Inc., the largest U.S. life insurer, has joined American International Group Inc. by taking a charge tied to reserves for death benefits as regulators probe the industry’s practices for unclaimed funds.