Bob Defillippo

Bob Defillippo News

  • Republican Tax Plan Hits Finance as Wall Street Ire Grows

    Dave Camp, the Republican House Ways and Means Committee chairman, is filling in the blanks in his plan to revamp the U.S. tax code and leaning on the financial industry to help pay for lower tax rates.

  • Camp Hits Carried Interest in Tax Plan Focused on Finance

    The top Republican tax writer in Congress will lean on the financial industry with his planned revamp of the U.S. code, changing the treatment of carried interest and imposing a levy on the assets of banks and insurers.

  • Biggest Banks Said to Face Asset Tax in Republican Plan

    The biggest U.S. banks and insurance companies would have to pay a quarterly 3.5 basis-point tax on assets exceeding $500 billion under a plan to be unveiled this week by Congress’s top Republican tax writer.

  • Prudential Workers Get $57 Million as CEO Beats Target

    Prudential Financial Inc. is spending about $57 million to reward workers after topping Chief Executive Officer John Strangfeld’s profitability goal last year.

  • Fallen Soldiers' Families Denied Cash as Insurers Profit

    The package arrived at Cindy Lohman’s home in Great Mills, Maryland, just two weeks after she learned that her son, Ryan, a 24-year-old Army sergeant, had been killed by a bomb in Afghanistan. It was a thick, 9-inch-by- 12-inch envelope from Prudential Financial Inc ., which handles life insurance for the Department of Veterans Affairs.

  • Duping the Families of Fallen Soldiers

    Life insurers are secretly profiting from death benefits owed to the survivors of service members and other Americans.

  • Veterans Agency Made Secret Deal Over Benefits

    The U.S. Department of Veterans Affairs failed to inform 6 million soldiers and their families of an agreement enabling Prudential Financial Inc. to withhold lump-sum payments of life insurance benefits for survivors of fallen service members, according to records made public through a Freedom of Information request.

  • How Prudential Cut a Deal With the VA

    The agency secretly amended the insurer’s contract, allowing it to withhold payments to survivors of fallen soldiers.

  • Prudential CEO Can Be Rewarded for Missing Target

    Prudential Financial Inc. Chief Executive Officer John Strangfeld, who told investors to expect return on equity of at least 13 percent next year, can miss that goal and still qualify for his performance share awards.

  • Pruco Finra Fine, SAC-InterMune Panel, China: Compliance

    Pruco Securities LLC, the brokerage run by Prudential Financial Inc., will pay customers at least $10.7 million to make up for delays in placing more than 850,000 mutual fund orders.

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