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MetLife not 'too big to fail', rules judge

She says regulators failed to adequately assess insurance company's vulnerability to extreme financial distress
Friday, April 1, 2016 - 05:50

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Mr Kandarian said "the ruling really vindicates our decision to seek a judicial review of that designation".

Washington

OPPONENTS of the Dodd-Frank financial overhaul won an important battle on Wednesday as a federal judge here stripped the "too big to fail" label from the insurance company MetLife.

With memories still fresh on how American International Group's (AIG) 2008 near-collapse

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