Not sure yet when deposits sale will close: MetLife CEO

Reuters

MetLife Inc has received regulatory approval for the sale of its deposit-taking business but does not know yet how that will affect its participation in the next Federal Reserve bank stress test, Chief Executive Steve Kandarian said on Thursday.

Kandarian said he did not know yet when the sale to General Electric Co's GE Capital unit would close.

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(Reporting By Ben Berkowitz; Editing by Gerald E. McCormick)