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Thursday, Sep 19
Prudential designated a SIFI
- Prudential Financial (PRU) joins other nonbanks AIG and GE Capital in being designated a systemically important financial institution (SIFI). The company has 30 days to respond to the decision and is "currently reviewing the rationale for the determination and our options."
- Unlike the others, Prudential contested its possible SIFI status and the tougher regulation that comes with it.
- Press release.