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Federal regulators have identified two companies, insurer AIG and GE Capital, as 'systemically important' corporations and say that both will be subject to increased scrutiny.
Prudential Financial is under federal scrutiny, along with several other companies, for being a "systemic risk."
Bank of America, bloated by national expansion and saddled with bad mortgages, is speeding up its plan to cut 30,000 jobs. The Wall Street Journal says the bank could reach its downsizing goal a year early.