(Bloomberg) -- A U.S. lawyer defending the government’s decisionto designate MetLife Inc. a threat to the Americaneconomy if it were to falter was questioned sharply by a federaljudge who was asked by the company to remove the label.
The nation’s biggest life insurance company is one of fourcompanies tagged as a systemically important financial institutionby the Financial Stability Oversight Council.
The designation means it may be subject to tougher capital andleverage requirements.
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