Seeking Alpha

The sale of MetLife's (MET) mortgage-servicing portfolio sets the stage for the insurer to give...

The sale of MetLife's (MET) mortgage-servicing portfolio sets the stage for the insurer to give up its bank charter, thus freeing it from Fed oversight, and allowing the return of more than $1B in capital through a share buyback and dividend increase. All that's left is approval by the OCC of the sale of Met's deposit business to GE Capital - hopefully by year's end.
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