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.
The White House budget director, Russell Vought, said on Friday that the Trump administration will freeze...
Meta will lay off roughly 600 employees within its artificial intelligence unit as the company looks...
