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January 13, 2016

MetLife to Shed Big Chunk of Life Unit

“MetLife Inc. doesn’t believe it poses a risk to the financial system. But it isn’t waiting to find out if courts agree.

“The insurer is seeking to divest a large piece of its U.S. life-insurance unit as part of a plan to ease some of the capital burden it is expected to face under new federal regulations, the company said Tuesday.

“Under the plan, the company would spin off, sell or take public a business that has been at its core for decades: selling life insurance and other financial products to individuals and families across the U.S. MetLife is one of the best-known sellers of financial protection to American households.”

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Read the full Wall Street Journal article by Leslie Scism here

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