(Bloomberg) -- A U.S. lawyer defending the government’s decision to designate MetLife Inc. a threat to the American economy if it were to falter was questioned sharply by a federal judge who was asked by the company to remove the label.
The nation’s biggest life insurance company is one of four companies tagged as a systemically important financial institution by the Financial Stability Oversight Council.
The designation means it may be subject to tougher capital and leverage requirements.
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