(Bloomberg) -- A U.S. council of regulators is poised to label MetLife a potential threat to the financial system, subjecting the insurer to oversight by the Federal Reserve, two people with knowledge of the matter said.
A decision by the Financial Stability Oversight Council may come as early as July 31, when the panel is tentatively planning to meet, said the people, who asked not to be identified because the process isnt public. The vote could be delayed briefly because the council hasnt formally closed its review of the company, the people said.
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