Around 500 employees at the Federal Deposit Insurance Corp., or about 8% of its workforce, have accepted the Trump administration’s deferred resignation offer, as the banking regulator prepares for a broader overhaul.
The FDIC “will be smaller” when the Trump administration finishes restructuring the agency, acting Chairman Travis Hill said at an all-hands staff meeting Friday, according to multiple sources familiar with the matter. The Office of Personnel Management gave federal agencies until March 11 to present plans to cut their workforces, Hill said at the staff meeting, according to an FDIC spokesperson.
The spokesperson confirmed the number of staff ...