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Stock Market & Financial Investment News

News Breaks
December 7, 2012
08:06 EDTPRUPrudential downgraded to Hold from Buy at Sandler O'Neill
Sandler O'Neill downgraded Prudential citing lack of near-term catalysts and uncertainty regarding the impact from being named a non-bank Systemically Important Financial Institution.
News For PRU From The Last 14 Days
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March 18, 2015
09:02 EDTPRUEl Paso enters three-year contract with Prudential
Prudential Retirement announced the City of El Paso has recommitted its defined contribution plan to Prudential Retirement. Prudential Retirement is a business unit of Prudential Financial. The city has entered a three-year contract with the company.
March 12, 2015
10:09 EDTPRUTidjane Thiam said to plan leadership change at Credit Suisse, FT says
Tidjane Thiam is likely to fire several Credit Suisse (CS) senior managers once he takes over as CEO in June, reports the Financial Times, citing investors, headhunters, and Credit Suisse executives. One senior banker at the company stated current CEO Brady Dougan is "very shy" and predicts a shift in culture away from traders and towards client-focused executives. The process is predicted to take "months" and will likely include the hiring of hiring Prudential (PRU) Chief Risk Officer Pierre-Oliver Bouée as well as the departure of CFO David Mathers, said people familiar with the situation. Reference Link
07:20 EDTPRUStandard & Poor's to hold a breakfast briefing
Breakfast Briefing: Staying Ahead of the CLO Market: Outlook & Opportunities" where a panel presents their views on the important trends and opportunities in the changing world of CLOs, is being held in New York on March 12 at 7:30 am.

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