Daily News: July 18, 2012

WSJ: MetLife Bank Sale Still on Hold


The Wall Street Journal reported that the FDIC, at its monthly board meeting this week, did not vote on the proposed sale of MetLife’s bank to GE Capital, and the regulator’s review continues, citing to people familiar with the matter.

The article reported that regulators have been busy with broad industry issues that have taken precedence over other matters, according to analysts.

WSJ added that unless the FDIC board holds an unscheduled meeting in the next several weeks, an unusual step normally reserved for times of financial crisis, MetLife and GE will have to wait until next month’s meeting.

To read the full WSJ article, click here.

Previously on abfjournal.com:

WSJ: MetLife Bank Sale to GE Capital Delayed, Wednesday, June 20, 2012