- 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.
Prudential designated a SIFI
Sep 19 2013, 16:29 ET