The Obama administration was delivered a massive blow in its effort to regulate the financial industry. A judge struck down the “Too Big to Fail” designation of MetLife Corp. (MET) as a company that is "systemically important" to the U.S. economy. Shares of MET stock jumped more than 5%, as the designation would have brought the company under the regulatory eye of the Federal Reserve and would have changed its capital requirements to far more conservative levels.
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