GE, MetLife Tweak Terms of Deal for $7 Billion

MetLife and General Electric have adjusted the terms of a deal in which the U.S. life insurer is selling $7 billion in bank deposits to the conglomerate.

The Office of the Comptroller of the Currency will now be responsible for approving the deal, first announced in December, rather than the Federal Deposit Insurance Corp, MetLife said in a filing with the U.S. Securities and Exchange Commission late on Friday.