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MetLife: No firm schedule on bank sale closing
April 27, 2012 / 12:45 PM / 6 years ago

MetLife: No firm schedule on bank sale closing

April 27 (Reuters) - MetLife cannot say with certainty precisely when the sale of its deposit-taking business to General Electric Co will close, MetLife’s chief executive said on Friday.

On a conference call with analysts, Steve Kandarian said the timing depends on a variety of regulatory approvals, and the schedules of those regulators to make a decision are not clear as yet. MetLife has said in the past it was targeting the end of the second quarter for the deal to close.

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