Comptroller of Currency Approves GE Capital's Purchase of $6.5B in Bank Deposits from MetLife Bank
MetLife, Inc. (NYSE: MET) announced today that the Comptroller of the Currency has issued a conditional approval of GE Capital's acquisition of approximately $6.5 billion in bank deposits from MetLife Bank, N.A.
Upon completion of the acquisition, which is subject to closing conditions, deposit customers of MetLife Bank will become customers of GE Capital Retail Bank, a unit of GE Capital.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.