Mar
30
MetLife Wins Battle to Remove ‘Too Big to Fail’ Label
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Even before the ruling, however, MetLife was working to streamline its operations.CreditMark Lennihan/Associated Press
WASHINGTON — Opponents of the Dodd-Frank financial overhaul won an important battle on Wednesday as a federal judge here stripped the “too big to fail” label from the insurance company MetLife.
With memories still fresh on how the American International Group’s 2008 near-collapse rattled the global financial system, the Dodd-Frank Act empowered regulators to classify certain large nonbank institutions as deserving as the big banks of increased capital requirements and greater scrutiny…
MetLife Wins Battle to Remove ‘Too Big to Fail’ Label
