Oct. 28 (Bloomberg) -- MetLife Inc., the life insurer looking to sell its bank to reduce government oversight, said the process is “on track” and that the company may wind down the unit if it can’t find a buyer.
“Probably Plan B, though I think this would be an extreme scenario, is we would wind it down,” Chief Financial Officer William Wheeler said in a conference call today. “But I think a sale is much more likely.”
--Editors: Dan Kraut, David Scheer
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