Fed's Bowman plans to cut bank-supervision unit by about 30%, email shows

Core Insights - U.S. Federal Reserve Vice Chair for Supervision Michelle Bowman is planning to reorganize the agency's supervision and regulation division [1] - The reorganization will involve a staff reduction of approximately 30% within the unit [1] Summary by Categories Organizational Changes - The Federal Reserve's supervision and regulation division will undergo a reorganization led by Vice Chair Michelle Bowman [1] Staffing Impact - The reorganization will result in a staff cut of about 30% [1]