Netherlands-based life insurance company Aegon N.V. has informed the U.S. Department of the Treasury that it is withdrawing its application for participation in the Troubled Asset Relief Program. "Aegon has decided not to seek access to TARP funds," said chief financial officer Jos Streppel. "The ongoing steps we are taking have positioned Aegon to enter 2009 with a strong capital position." In a related move, the company has withdrawn its application to the Office of Thrift Supervision in the United States to gain a thrift charter, a prerequisite for participation in TARP.
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