The federally chartered bank owned by MetLife Inc., passed the federal government’s stress tests, reports the New York insurer. MetLife has maintained its statements on its financial strength since the U.S. Treasury Department's Supervisory Capital Assessment Program was initiated.
In April, MetLife said it wouldn't participate in the Treasury Department's Capital Purchase Program, saying it didn't require any help from the Troubled Asset Relief Program.
Chartered in 2001, MetLife Bank N.A. is one of 19 U.S. banks with more than $100 billion in total assets, making it mandatory for it to participate in the stress tests. MetLife was the only insurance company required to take the stress test.
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