Deals
Principal Shifts $390 Million Loan Portfolio as Bank Retreats
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Principal Financial Group Inc. shifted $390 million in loans from its bank unit as U.S. regulators increase oversight.
Principal moved $350 million of commercial real estate debt to another part of the Des Moines, Iowa-based company, Sonja Sorrel, a spokeswoman, said in an e-mail today. About $40 million in loans were sold to external buyers, she said.