Morning Scan: MetLife Wins SIFI Case; Fintech Means Job Cuts

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Not 'Important': MetLife, the country's largest life insurer, has scored a significant victory in court, winning its battle with regulators over its designation as a systemically important financial institution (SIFI). U.S. District Judge Rosemary Collyer said in her decision that she sided fully with MetLife on two counts and partially on a third. MetLife argued federal regulators assigned the label in an "arbitrary and capricious" manner using a problematic process. In the...