• Prudential

    Prudential Equity Out

    Prudential has confirmed today that it is shutting down its equity operations because the unit’s small size was not conducive to long-term success in the market. The division’s revenue for last year, $260 million, represented a negligible fraction of overall revenue, which was $32.49 billion (Prudential Equity Group’s profit before taxes was $34 million). The […]

    / Jun 6, 2007 at 9:57 AM
  • Prudential, rumors

    Rumor Mill: Breaking Off A Piece Of The Rock

    Whispers around Wall Street today claim that Prudential, the insurance and financial services company, may spin-off its equity research, sales and trading unit. “It’s definitely possible that they are selling the group,” a former Prudential Financial employee told DealBreaker. “But compared to the over all size of Mother Pru, the group is tiny. The stock […]

    / May 3, 2007 at 12:43 PM
  • Prudential, SEC

    Prudential Settles For $600 Million

    Prudential is the latest financial institution to settle charges brought by the SEC that it had facilitated improper trading of mutual funds. The cost to Prudential is $600M, which seems like a lot of money but it really would have to be measured against the gains and potential gains of the alleged conduct in order […]

    / Aug 28, 2006 at 3:54 PM

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