Items Tagged with 'Prudential Financial Inc.'


  • Judge dismisses Prudential mortgage fraud lawsuit against BofA

    Rules that Prudential did not prove BofA lied to ratings agencies
    A federal judge threw out a lawsuit brought by Prudential Financial, which claimed that Bank of America falsely represented the quality of $1.9 billion of pre-crisis residential mortgage-backed securities, leaving Prudential on the hook for “countless” home loans that defaulted.
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  • Former Freddie CFO Lands at First American

    Former Freddie Mac [stock FRE][/stock] CFO Anthony "Buddy" Piszel has been named chief financial officer and treasurer at the First American Corp. [stock FAF][/stock], after leaving the ailing GSE in late September amid a management shake-up after the mortgage giant was taken over by its regulator.
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  • State Street Subprime Damages Could Reach Nearly $8 Billion

    State Street Corporation [stock STT][/stock], the nation’s largest institutional money manager, could face damages tied to subprime investments that reach as high as $7.8 billion -- more than 12 times the $618 million it set aside in January to cover legal costs tied to its subprime mortgage exposure.
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