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MetLife Isn't a Bank Anymore

But it could still maybe destroy the global economy.

But it could still maybe destroy the global economy.

MetLife Chief Executive Steven Kandarian said at a Bank of America Merrill Lynch investor conference Thursday after MetLife learned it had shed the bank-holding-company status that "it would be logical to assume" that if AIG and Prudential are being considered as systemically important, MetLife also would be. He said he didn't believe MetLife posed a risk to the financial system.

That "doesn't mean our point of view will prevail," Mr. Kandarian said.

MetLife Sheds Bank Status [WSJ]

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