Fed’s Bowman Moves to Reduce Bank-Supervision Unit by About 30%, Bloomberg News Reports

The Fed is planning to slash banking oversight staff

Deep cuts would hit the banking supervision division tasked with overseeing and regulating banks, which includes annual stress tests

Fed’s Bowman moves to reduce bank-supervision unit by about 30%, Bloomberg News reports

(Reuters) -The U.S. Federal Reserve’s top bank cop, Michelle Bowman, announced plans to reorganize the agency’s supervision and regulation division and shrink the unit’s staff by roughly 30%, Bloomberg News reported on Thursday. The reduction will be through attrition, retirements and voluntary separation incentives, Bowman said during a Thursday event, the report added, citing people familiar with the matter. “She expects S&R to have a smaller …

Fed’s Bowman Moves to Reduce Bank-Supervision Unit By About 30%

The Federal Reserve’s top bank cop announced plans to reorganize the agency’s supervision and regulation division and shrink the unit’s staff by roughly 30%.

Fed's Bowman Moves to Reduce Bank-Supervision Unit by About 30% ...

Fed to Reduce Staff in Banking Supervision Group by 30%

The reduction is expected to be completed by the end of 2026. Continue Reading Fed to Reduce Staff in Banking Supervision Group by 30% The post Fed to Reduce Staff in Banking Supervision Group by 30% appeared first on Weekly Real Estate News.