MetLife SIFI appeal News

MetLife ‘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 U.S. appeals court said on Wednesday that …

Court 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 big to fail,” as the Trump administration …

U.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 major reform arising from the 2007-09 financial crisis. …

Judge 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to fail erred in not analyzing the insurer’s vulnerability to financial distress, according to the federal judge who rescinded that designation last week. U.S. District Judge Rosemary M. Collyer …

MetLife 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 federal judge in Washington struck …

Judge 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 to remove the label. The …

MetLife 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 offering for part of the domestic retail business. …

If 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. Documents just released show that question was posed last …

MetLife 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 Washington on Friday, MetLife said it doesn’t meet …

U.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 judge. MetLife on January 13 became the first nonbank to challenge …