Christopher Cox, the chairman of the Securities and Exchange Commission and a longtime proponent of deregulation, acknowledged on Friday that the voluntary supervisory program of Wall Street’s largest investment banks had contributed to the global financial crisis and abruptly shut the program down.
The agency’s oversight responsibilities will largely shift to the Federal Reserve.
US employers unexpectedly lost 23,000 jobs in July and gains for the previous two months were...
The long legal battle to erase the debts of nearly half a million federal student loan...
Gas prices are up almost a dollar a gallon since the day Donald Trump took office;...
