Prudential first-half operating profit up 17% at $2.8B

The departure of Tidjane Thiam, its well-known chief executive, for the same role at Swiss bank Credit Suisse has also weighed down shares. In the U.S., where Prudential operates under the Jackson brand, new Department of Labor proposals on the broader application of fiduciary standards are expected to hit the entire industry. "Having been the European life...