Nov 15, 2011 04:29 EST Prudential Financial, Inc. Prudential Mortgage Capital Company, through its Freddie Mac Program Plus Lending program, provided an $80.5 million loan to Bonaventure Realty Group, a Virginia-based developer, the company announced today. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial Inc. (NYSE: PRU).
Nov 15, 2011 04:25 EST Prudential Financial, Inc. Market volatility, people living longer, rising retirement costs, and the migration away from traditional pension plans all add up to a need for innovative workplace retirement solutions according to a web site launched by Prudential Retirement. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE: PRU).
Nov 08, 2011 04:23 EST Prudential Financial, Inc. Although many companies continue to tighten their financial belts, when it comes to voluntary benefits, employers are much more employee focused, as opposed to cost driven. The Gauging the Success of Voluntary Benefits, the second in a series of research briefs stemming from Prudential’s Sixth Annual Study of Employee Benefits: Today & Beyond, found that 75% of employers say their top reason...
Oct 28, 2011 05:01 EDT Prudential Financial, Inc. Prudential Retirement has expanded the investment management alternatives for its guaranteed lifetime income solution, Prudential IncomeFlex Target®, to include the investment management expertise of two leading target date fund managers. This latest innovation allows defined contribution plans to combine Prudential IncomeFlex Target’s guaranteed minimum withdrawal benefits (GMWB), with target...
Oct 27, 2011 11:28 EDT Freddie Mac
Oct 27, 2011 10:38 EDT Bank of America Bank of America announced today it has opened a customer assistance center in Warwick to serve its mortgage customers throughout Rhode Island.
Oct 27, 2011 09:32 EDT J.P. Morgan $3 Million in Chase Grants Will Be Shared Among 100 Local Charities
Oct 27, 2011 08:39 EDT Prudential Financial, Inc. Prudential Financial, Inc. (NYSE:PRU) today announced it has entered into an agreement to sell its stake in Afore XXI, S.A. de C.V., a private pension fund manager in Mexico, to Banorte, a major bank based in Mexico. Proceeds from the sale of Afore XXI are estimated to be $200 million. The book value of the company’s stake in Afore XXI was $75 million, as of December 31, 2010. The transaction...
Oct 24, 2011 10:07 EDT Freddie Mac The following statement was released today by Charles E. "Ed" Haldeman, Jr., Chief Executive Officer, Freddie Mac (FMCC.OB):