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Fed's Bowman moves to reduce bank-supervision unit by about 30%, Bloomberg News reports
Yahoo Finance· 2025-10-30 20:02
(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 overall footprint of roughly 350 employees – a reduction of ...