U.S. SEC official urges delay in public comment on agency rule changes

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FILE PHOTO: Commissioner Allison Lee participates in a U.S Securities and Exchange Commission open meeting to propose changing its decades-old definition of an “accredited investor” in order to allow more Americans to buy shares in private companies, in Washington, U.S., December 18, 2019. REUTERS/Erin Scott/File Photo

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission’s lone Democratic commissioner on Friday called for a delay in pending rule changes due to the coronavirus outbreak, while cautioning against excessive regulatory relief in the rush to assist companies struggling with fallout from the pandemic.

Commissioner Allison Lee said the agency ought to allow

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Soaring unemployment increases odds U.S. banks will cut dividends

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NEW YORK (Reuters) – Questions are building about whether big U.S. banks will have to cut dividends later this year as the coronavirus crisis puts a record portion of Americans out of work, making it difficult for borrowers to pay back loans.

FILE PHOTO: Signage is seen posted on the entrance of the New York State Department of Labor offices, which closed to the public due to the coronavirus disease (COVID-19) outbreak in the Brooklyn borough of New York City, U.S., March 20, 2020. REUTERS/Andrew Kelly – RC2TNF9JT4Y7/File Photo

Wall Street analysts were initially skeptical that U.S. lenders would have

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The watchdogs overseeing the $2.3 trillion U.S. bailout

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WASHINGTON (Reuters) – Who’s watching over the U.S. government’s largest bailout in history – the $2.3 trillion in fiscal stimulus to fight the economic impact of the coronavirus?

FILE PHOTO: An empty street is seen during the outbreak of the coronavirus disease (COVID-19) in Brooklyn, New York City, U.S., March 27, 2020. Picture taken March 27, 2020. REUTERS/Jeenah Moon

Four different watchdogs made up of federal government officials and members of Congress have been created; one key role has not yet been filled.

None of these groups will have any direct control over where any of the funds are directed

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Here’s the study behind why NYC’s mayor now recommends masks in public

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A woman wears a stars and stripes bandana for a face mask, amid the coronavirus disease (COVID-19) fears, in Washington, April 2, 2020.

Kevin Lamarque | Reuters

New York City Mayor Bill de Blasio recently suggested that people in the city should wear face coverings, such as cloth masks or bandanas, when going out in public to try and slow the spread of COVID-19. 

De Blasio pointed Thursday to a study from Singapore released this week by the Centers for Disease Control and Prevention, which examined how presymptomatic or asymptomatic coronavirus carriers could spread the deadly virus. Researchers concluded that

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