Wachtell, Lipton, Rosen & Katz and K&L Gates are advising MetLife as it looks to cut loose its bank business to escape provisions of the Dodd-Frank Act, the company announced Thursday.
Selling MetLife Bank, which had $15.6 billion in total assets as of March, would allow MetLife to shed its status as a bank holding company and avoid the regulatory scrutiny attached to Dodd-Frank, Bloomberg and The New York Times report.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
