The U.S. freed the New York-based insurer from enhanced regulation, removing the scarlet letter it wore since the 2008 financial crisis.

The Fed is said to be planning new regulations to require banks to adopt better safeguards to shield themselves and customers from cyber attacks.

The Feds plan subjects AIG and Prudential to a narrow set of categories by which they would have to measure the riskiness of their assets.

The biggest and most complex U.S. insurance firms are in line to face capital standards that are simpler and less costly than those imposed on Wall Street banks, Federal Reserve Governor Daniel Tarullo said Friday.

U.S. banks reported Q2 profits as lenders cut costs to offset a decline in trading income.