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Thursday, February 14, 2013

MetLife gets regulatory nod to shed bank-holding status, (NYSE: MET)

MetLife Inc, the largest U.S. life insurer, said it has received approvals from the U.S. Federal Reserve and the Federal Deposit Insurance Corporation to deregister as a bank holding company. The company started the process of dropping the registration after closing the sale of its deposit-taking business to a unit of General Electric's GE Capital last month.

MetLife, Inc. (MetLife), is a provider of insurance, annuities and employee benefit programs. Shares of MET fell by 2.43% or $-0.9099/share to $36.59. In the past year, the shares have traded as low as $27.60 and as high as $39.55. On average, 9307860 shares of MET exchange hands on a given day and today's volume is recorded at 12326696.