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$PRU 2Q15 Q&A: Bass of Citigroup asked about drivers of $500MM improvement in excess capital. Rob answered, the capital generated this quarter was primarily from business earnings; there was modest benefit from interest rates. The capital hedge, FX equity hedge did not have a material impact in 2Q15.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.