OCC approves GE purchase of MetLife deposit business

Wed Dec 12, 2012 5:21pm EST

Dec 12 (Reuters) - The Office of the Comptroller of the Currency has approved MetLife's sale of its deposit-taking business to a unit of General Electric Co's GE Capital, MetLife Inc said on Wednesday.

After the sale closes, MetLife said it will move to deregister as a bank holding company.