MetLife's (MET -1.3%) interest in purchasing Provida - Chile's largest pension fund...

|By:, SA News Editor

MetLife's (MET -1.3%) interest in purchasing Provida - Chile's largest pension fund administrator - may be sound, says Sterne, Agee, but it could be a signal to investors that the feds aren't about to green light additional capital returns. The reality is the insurer may not get that permission and has little choice but to pursue mergers with its excess capital.