MetLife's (MET -1%) plan to sell its banking business to General Electric (GE +0.8%) hits...
Wednesday, September 12, 2012, 11:51 AM ETMetLife's (MET -1%) plan to sell its banking business to General Electric (GE +0.8%) hits another speed bump, as regulators continue to question GE's plans for the unit. The FDIC met again yesterday to discuss the matter, but failed to take any action. The deal, which was struck back in December, was to have been completed by now, and the ongoing hold-up complicates MET's effort to shed its bank-holding-company status and the capital constraints imposed by the Fed.
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