SEC

Edward Jones pulls plug on bank plans

Edward Jones' parent has scrapped plans to create a new bank as market turmoil looms and banking crises in the U.K. and at Credit Suisse threaten a Lehman moment.

AmEx names former SEC chairman to board

Jay Clayton, known for his role as chairman of the Securities and Exchange Commission from May 4, 2017, until Dec. 23, 2020, joined American Express' board of directors.