Items Tagged with 'Prudential'


  • Did Wells Fargo fake accounts extend to Prudential insurance?

    Investigation launched after whistleblower lawsuit filed
    Investigators in California and New Jersey are set to launch a probe into Wells Fargo over whether the bank’s recent fake account scandal extended beyond credit cards and bank accounts. The investigations come on the heels of whistleblower lawsuit filed by three former Prudential Insurance employees, who accused Wells Fargo of opening up insurance policies and automatically deducting the insurance premiums from customers’ accounts without prior authorization.
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  • 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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  • Manhattan Reports "Modest" Q3 Price Gains

    The Manhattan residential market saw a recent decline in the surge of new development closings, according to data released by Prudential Douglas Elliman Real Estate. The New York-based residential broker released its Q3 2008 Manhattan residential market report Friday, which also showed price gains as "more modest and less subject to skew this quarter."
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