• US regulators lift strict oversight of Prudential

    6 monthes ago - By Chron

    WASHINGTON - A group of federal regulators has lifted the strict government oversight imposed on big insurer Prudential Financial Inc. It was the last financial company still carrying the label that subjected it to special restrictions stemming from the 2008 financial crisis.
    The decision by the Financial Stability Oversight Council closed the books on its actions tagging selected big financial companies as potential threats. It was the latest example in the Trump administration's push to unwind Obama-era regulatory requirements aimed at averting another financial meltdown.
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  • Prudential Financial shakes off government's 'too-big-to-fail' label

    6 monthes ago - By CNBC

    The government's Financial Stability Oversight Council, a group of market and bank regulators, has removed the "systemically important" designation for Prudential Financial.
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