MetLife Executives Appear Before FSOC to Challenge Systemic Risk Tag
MetLife Inc. Chief Executive Officer Steven Kandarian was accompanied by Washington lawyer Eugene Scalia at a hearing Monday to challenge regulators’ proposal to subject the insurer to Federal Reserve...
View ArticleMetLife Touts Surviving Lehman in Case Against Systemic Risk Tag
MetLife Inc. Chief Executive Officer Steve Kandarian, who is suing to reverse a U.S. finding that subjects the insurer to greater oversight, said his company’s performance in the financial crisis shows...
View ArticleMetLife May Get More Time For Living Will Due to Systemic Risk Appeal
U.S. bank regulators are scheduled to vote next week on whether to extend MetLife Inc.’s deadline for filing a so-called living will as the insurer sues the government for subjecting it to stricter...
View ArticleU.S. Seeks Dismissal of MetLife Suit Challenging Systemic Designation
MetLife Inc.’s lawsuit challenging its designation by regulators as critical to the economy should be thrown out, U.S. Justice Department lawyers said without making public their arguments to the...
View ArticleMetLife Cites Foreign Operations to Claim It’s Not a U.S. Financial Firm
MetLife Inc.’s fight to free itself from a costly government label is increasingly focusing on a bold argument: The giant insurer isn’t actually a U.S. financial company. In court papers filed in...
View ArticleIf MetLife Is Tagged As Systemically Risky, Why Isn’t Berkshire Hathaway?
MetLife Inc., the insurer fighting the U.S. government’s decision to label it a potential threat to financial stability, wants to know why Warren Buffett’s Berkshire Hathaway Inc. has gotten a pass....
View ArticleMetLife CEO Raised Possibility of Breakup in 2014
MetLife Inc., looking to avoid tougher oversight, was examining options for a breakup or restructuring of the firm 14 months before announcing this year that it’s considering a sale, spinoff or public...
View ArticleJudge Challenges Regulators’ Lawyer Over MetLife SIFI Tag
A U.S. lawyer defending the government’s decision to designate MetLife Inc. a threat to the American economy if it were to falter was questioned sharply by a federal judge who was asked by the company...
View ArticleMetLife Wins Court Appeal to Strike Down Systemic Risk Tag
MetLife Inc. beat back a U.S. attempt to label it too big to fail, which would’ve put America’s biggest life insurer under tougher government scrutiny and forced it to put more money in reserves. A...
View ArticleJudge Calls FSOC Review of MetLife ‘Fatally Flawed;’ Government Vows Appeal
The U.S. government panel that decided MetLife Inc. was too big to fail erred in not analyzing the insurer’s vulnerability to financial distress, according to the federal judge who rescinded that...
View ArticleU.S. Wants More Time to Review MetLife Systemic Risk Tag
The U.S. government on Thursday requested a 60-day pause in a case involving MetLife Inc,. the country’s largest life insurer, and how regulators designate certain companies as “too big to fail,” a...
View ArticleCourt Agrees to Put MetLife ‘Too Big to Fail’ Case on Pause
A U.S. appeals court on Friday granted a 60-day pause in the long-running case in which the country’s largest life insurer, MetLife Inc, has challenged the federal government’s labeling of it as “too...
View ArticleMetLife ‘Too Big to Fail’ Case Remains on Hold Awaiting Trump Weigh-In
Any legal decision on whether the largest U.S. life insurer MetLife Inc. should be labeled “too big to fail” will probably come after the Trump administration defines its stance on the designation. A...
View Article
