Prudential Financial designated 'too big to fail'

US regulators on Friday named insurer Prudential Financial to its list of "too-big-to-fail" institutions, the third non-bank placed under a tighter regulatory regime to reduce risks to the financial system.

Local financial leaders say legislation hurts jobs, economy

A year and a half ago, U.S. legislators passed the most sweeping law to hit the financial industry since the Great Depression in response to the more recent Great Recession, with the intent to prevent it from happening again.

Wen urges fiscal, financial stability in U.S.

DALIAN, Sept. 14 (Xinhua) -- Chinese Premier Wen Jiabao on Wednesday urged the United States to maintain fiscal and financial stability to protect investors' interests.

"We hope the U.S. will carry out appropriate economic policies and maintain fiscal and financial stability to protect the interests and confidence of investors," Wen said at the opening of the World Economic Forum's annual meeting in China's northeastern city of Dalian.