Prudential Financial news and trends

Lawmakers Request Information From Prudential On Latest Wells Fargo Scandal
Banking // December 14, 2016

Rep. Elijah E. Cummings (D-MD), Ranking Member of the House Committee on Oversight and Government Reform, and Sen. Elizabeth Warren (D-MA) sent a letter to the chief executive of Prudential Financial requesting a briefing and documents having to do with press reports that Wells Fargo...

California Looks Into Allegations Wells Fargo Signed Up Customers For Life Insurance
Banking // December 13, 2016

And the hits keep on coming for Wells Fargo. California has joined in the lawsuit bandwagon, ordering an investigation into claims retail bankers at Wells Fargo signed customers up for life insurance polices without their consent. Dave Jones, the insurance commissioner for California, said in an...

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Prudential Financial Acquires Assurance For $3.5B

September 06, 2019
Prudential Financial has acquired three-year-old Assurance for a total consideration of $3.5 billion, according to a release by FT Partners, who served as a strategic advisor on the deal. The terms of the acquisition include upfront compensation of $2.35 billion and an additional earnout of $1.15 billion in cash and equity, depending on whether Assurance […]

Lawmakers Request Information From Prudential On Latest Wells Fargo Scandal

December 14, 2016
Rep. Elijah E. Cummings (D-MD), Ranking Member of the House Committee on Oversight and Government Reform, and Sen. Elizabeth Warren (D-MA) sent a letter to the chief executive of Prudential...

California Looks Into Allegations Wells Fargo Signed Up Customers For Life Insurance

December 13, 2016
And the hits keep on coming for Wells Fargo. California has joined in the lawsuit bandwagon, ordering an investigation into claims retail bankers at Wells Fargo signed customers up for...