Roughly a quarter of employees at a key federal banking regulator applied for voluntary buyout programs as part of the Trump administration’s bid to slash the federal workforce, according to multiple sources with knowledge of the situation.
The Office of the Comptroller of the Currency, which oversees national banks such as the depository units of Bank of America Corp. and JPMorgan Chase & Co., saw around 800 people apply for the agency’s “voluntary transition program” ahead of an April 24 deadline, according to multiple sources who requested anonymity to avoid retaliation.
Around 100 additional employees applied for a second round ...