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Victoria Finkle

MetLife Wins Battle to Remove ‘Too Big to Fail’ Label

"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 the American International Group’s 2008 near-collapse rattled the global financial system, the Dodd-Frank Act empowered regulators to classify certain large nonbank institutions as deserving as the big banks of increased capital requirements and greater scrutiny.

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