In May the Treasury said it would make funds available to
“We have decided not to participate in the CPP due to the stabilization of the credit and financial systems in the U.S. and the further strengthening of our already solid financial and capital position,” says Larry Zimpleman, The Principal’s chairman, president and CEO.
According to reports, The Hartford Financial said today it will receive up to $3.4 billion in federal TARP funds, and announced an approximate $750 million share offering. Lincoln National Corp. was approved for $2.5 billion, but has not disclosed its plans.