Bank regulator sets ultimatum on Deutsche Bank BHF sale-sources

FRANKFURT Fri Aug 16, 2013 10:27am EDT

FRANKFURT Aug 16 (Reuters) - German regulator Bafin has set an end of August deadline for investors to submit information needed to approve Deutsche Bank's sale of BHF to a consortium headed by RHJ International (RHJI), two people familiar with the process said.

BHF Bank is a Frankfurt-based lender with wealth management, asset management and investment banking operations.

RHJI declined to comment. Blackrock and Deutsche Bank were not immediately available for comment.

A Bafin spokesman declined to comment on whether there was an ultimatum, but said: "We do not have all of the required information. Therefore we cannot evaluate this case."

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article