Already a Bloomberg.com user?
Sign in with the same account.
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
To contact the reporter on this story: Maryellen Tighe in New York at email@example.com
To contact the editor responsible for this story: Dan Kraut at firstname.lastname@example.org