Genworth Still Waiting for Final OTS Action on Application to Become Thrift Holding Company
January 22, 2009
The Office of Thrift Supervision said it has not yet decided on Genworth Financial Inc.’s application to become a savings and loan holding company, a pre-requisite for eligibility for assistance under the government’s Troubled Asset Relief Program. An OTS spokesman said Genworth’s application is still being reviewed and gave no indication as to when a decision will be made...