US REGULATORS LIFT STRICT OVERSIGHT OF PRUDENTIAL

Federal regulators lifted the strict government oversight imposed on Prudential Financial Inc., the last financial company subject to restrictions stemming from the 2008 financial crisis. The Financial Stability Oversight Council had tagged the insurer in 2013 as a “systemically important” institution, one so big and interconnected it would threaten the financial system’s stability if it collapsed. The action put Prudential under special supervision by the Federal Reserve.