Prudential designated a SIFI

|About: Prudential Financial, Inc. (PRU)|By:, SA News Editor

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.