Filed Under:Markets, Company News

Moody's: MetLife Bank Sale, a Credit Negative

MetLife Inc.’s agreement to sell MetLife Bank’s depository business to GE Capital Financial Inc., a subsidiary of GE Capital Corporation is viewed by Moody’s as being a credit negative move despite having some redeeming qualities pertaining to the trimming of excess and the shedding of cumbersome regulations that chaperone bank holding companies.

The $7.5 billion sale which is subject to approval by the Federal Reserve following a four to six month review period will relieve MetLife from being under the purview of the Federal Reserve Bank which brings with it capital adequacy, solvency, and liquidity scrutiny.

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Nichole Morford

Nichole Morford
Managing Editor

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