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.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.