US EditionTrump Team Considers Eliminating the FDIC and Restructuring Bank Oversight
- Trump Team is considering eliminating the FDIC as part of a broader plan to address banking sector challenges.
- Sources indicate that the discussions regarding these changes are still in preliminary stages.
- Elimination of the FDIC could significantly change how banks operate, raising concerns among experts.
- Experts warn that such changes could increase risks in the financial system, impacting consumer protections.
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Trump Toys With Removing FDIC; What Could Go Wrong?
President-elect Donald Trump and his advisers are reportedly considering plans to weaken—or abolish altogether—top bank regulators, including the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency. The Wall Street Journal reported Thursday that members of Trump's transition team and the new Elon Musk-led Department of Government Efficiency have asked nominees under consideration to head the FDIC and OCC if the ba…
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Total News Sources60
Leaning Left7Leaning Right6Center8Last UpdatedBias Distribution38% Center
Bias Distribution
- 38% of the sources are Center
38% Center
L 33%
C 38%
R 29%
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