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    • MetLife completes sale to GE Capital

    January 16, 2013 by Arthur D. Postal

    MetLife has completed the sale of its bank to GE Capital, a transaction which removes it at least temporarily from oversight by federal regulators.

     

    MetLife notified depositors at its bank that their deposits would be transferred last Friday, and Steven Kandarian, chairman, president and CEO disclosed the completion of the deal before the stock market opened this morning.

     

    A total $6.4 billion in retail deposits were transferred. Click here to read…

    Originally Posted at LifeHealthPro on January 14, 2013 by Arthur D. Postal.

    Categories: Industry Articles
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