Skip to main content

MetLife Isn't a Bank Anymore

But it could still maybe destroy the global economy.
  • Author:
  • Updated:

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]


MetLife Finally Proves That It's A Barely Significant Financial Institution

The insurance giant is making like Steve Martin and preaching "Let's get small!"

MetLife Win Will Or Will Not Gut Dodd-Frank: NYT

It's either hugely important or totally insignificant.

By Elisa.rolle (Own work) [CC BY-SA 3.0], via Wikimedia Commons

Hillary Clinton’s Supreme Court Shortlist To Decide If MetLife Is Too Big To Fail

MetLife might want to consider writing a few more checks to a Hillary SuperPAC or twelve.

Citigroup Isn't Even Good At the Only Thing It's Good At

Things are not good when your new CEO's priority number one is to "stop destroying our shareholders' capital." But The Wall Street Journal isn't above kicking a bank when it's down.

(Getty Images)

Trump Just Isn't Doing It For Wall Street Anymore

Maybe “21st Century Glass-Steagall” was inside us all along.

Prominent Former Bank Still Wheeling and Dealing

Lehman Brothers' former Manhattan headquarters is now unmistakably the New York base of an even more discredited (if still solvent) bank. But the bankrupt if lucrative shell of a company still owns a big midtown building—one that it took over two years after it filed for bankruptcy. Now, it's unloading it for a song.