Prudential Financial, Inc. (NYSE: PRU) confirmed today that it has
received preliminary approval from the U.S. Department of the Treasury
to participate in the Capital Purchase Program (CPP). Prudential, which
applied to participate in the CPP last October, is currently evaluating
all options available to the company.
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with
approximately $542 billion of assets under management as of March 31,
2009, has operations in the United States, Asia, Europe, and Latin
America. Leveraging its heritage of life insurance and asset management
expertise, Prudential is focused on helping approximately 50 million
individual and institutional customers grow and protect their wealth.
The company’s well-known Rock symbol is an icon of strength, stability,
expertise and innovation that has stood the test of time. Prudential's
businesses offer a variety of products and services, including life
insurance, annuities, retirement-related services, mutual funds,
investment management, and real estate services. For more information,
please visit http://www.news.prudential.com/.