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Prudential Is Plotting Its Escape From Fed's Tough Oversight

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Prudential Financial Inc. is laying the groundwork to escape the government’s label that it’s too big to fail, a move that would dramatically reduce federal oversight of the largest U.S. life insurer. Bloomberg's Jesse Hamilton reports on 'Bloomberg Markets.' (Source: Bloomberg)

Prudential Financial Inc. is laying the groundwork to escape the government’s label that it’s too big to fail, a move that would dramatically reduce federal oversight of the largest U.S. life insurer.

Prudential is preparing to push a federal watchdog -- the Financial Stability Oversight Council -- to remove it from a list of nonbanks that regulators concluded would threaten the financial system if they collapsed, said two people familiar with the company’s plans.