Daily News: June 20, 2012

WSJ: MetLife Bank Sale to GE Capital Delayed


The Wall Street Journal reported that MetLife appears likely to miss its original June 30 goal for completing the sale of most of its online banking business.

Regulatory approvals for the sale of about $7.5 billion in MetLife Bank deposits to GE Capital aren’t likely to occur this month, the article cited a person involved in the regulatory process as saying.

To read the full Wall Street Journal article, click here.

Previously on abfjournal.com:

GE Capital to Acquire MetLife Depository Business, Tuesday, December 27, 2011