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MetLife Wins Too-Big-to-Fail Battle: At Least for Now

from PIA Western Alliance

MetLife has won its battle over being designated too-big-to-fail by the Dodd-Frank Act's Financial Stability Oversight Council (FSOC). Too-big-to-fail actually has a name. It is SIFI or a systemically important financial institution. Whether the battle is over depends on what the U.S. Treasury — who oversees the FSOC — wants to do next. The government has 60 days to appeal. more

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