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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| MetLife Inc | NYSE:MET | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.28 | 0.40% | 70.52 | 70.76 | 69.19 | 70.29 | 3,361,218 | 01:00:00 |
From May 2019 to May 2024
By Victoria McGrane
WASHINGTON--The Federal Reserve and the Federal Deposit Insurance Corp. voted Thursday to give MetLife Inc. an additional six months to file the first plan showing how it can collapse without causing broader economic damage.
MetLife's new deadline to file this so-called "living will" is now Dec. 31, 2016. The regulators voted at the request of the judge presiding over MetLife's lawsuit challenging its designation as a "systemically important financial institution" last fall.
The designation subjects the firm to a number of tougher new rules, including the requirement that it file a road map to how it can go through bankruptcy without triggering damaging economic repercussions.
U.S. District Judge Rosemary Collyer said in a court filing that the existing July 2016 deadline "might make it difficult for the court to rule" on various motions before MetLife "begins to expend time and money to prepare" its document.
Write to Victoria McGrane at victoria.mcgrane@wsj.com
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