<P> In the summer of 2017, MetLife plans to add a third office building of 255,000 square feet at its Cary, North Carolina Global Technology Campus, giving the company a total of 655,000 square feet at a location which has over 1,000 employees in such areas as engineering, software and technology . This plan was the result of North Carolina awarding the company $94 million in incentives in 2013 for creating over 2,600 jobs, half in Cary and half in Charlotte . </P> <P> In 2012, MetLife failed the Federal Reserve's (the Fed's) Comprehensive Capital Analysis and Review stress test, intended to predict the potential failure of the company in a recession . The Fed stated that the minimum total risk - based capital ratio should be 8% and it estimated MetLife's ratio at 6% . The company had requested approval for a US $2,000,000,000 share repurchase to prop up the stock price, along with an increased dividend . Because MetLife owned MetLife Bank, it was subject to stricter financial regulation . To escape that level of regulation, MetLife announced the sale of its banking unit to GE Capital . On November 2, 2012, MetLife said it was selling its US $70,000,000,000 mortgage servicing business to JPMorgan Chase for an undisclosed amount . Both sales were part of its strategy to focus on the insurance side of its business . </P> <P> The attempt to escape "too big to fail" regulation was not successful . In September 2014, the United States government observed the 2010 Dodd - Frank financial reform law by proposing the application of an official label to MetLife as "systemically important" to the American economy . If implemented, MetLife would be subject to different sets of rules and regulations, with increased oversight from the Federal Reserve . The company appealed this proposal in November 2014 . In December 2014, federal regulators decided that MetLife required the special regulations reserved for financial companies and organizations deemed "systemically important," or "too big to fail". MetLife announced in January 2015 that it would file a lawsuit against the District of Columbia to overturn the federal regulators' decision, thus becoming the first nonbank to challenge such a decision . Three other nonbank companies have been designated as "systemically important": AIG, General Electric and Prudential . MetLife continued to litigate this issue as of mid-2015, with the US Department of Justice asking that their challenge be dismissed . </P> <P> On August 7, 2012, it was announced that MetLife will pay $3.2 million in fines after the Federal Reserve charged it used unsafe and unsound practices in handling its mortgage servicing and foreclosure operations . </P>

A large insurance company has 95 agents within a mid size state