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Trump team weighs abolishing bank regulators
'The next recession starts here': Trump team weighs abolishing bank regulators
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.
Trump’s team has reportedly asked about closing a bank regulator - and it could put savings at risk
The WSJ report notes that while banks hope Trump will ease regulations, the FDIC insurance is considered “near sacred.” A move to eliminate that deposit insurance could cause panic among customers - and cause people to demand their money so it’s no longer at risk.
Trump Prepares to Wreck Economy With Alarming Bank Regulator Plan
In an effort to shrink the size of the federal government, Donald Trump’s transition team is considering different plans to abolish a crucial financial regulatory agency—a move that could have far-reaching effects on the economy.
bankingdive
1d
FDIC’s readiness ‘not sufficiently mature’ in 2023 bank crisis: OIG
The evaluation follows the spring 2023 collapses of Silicon Valley Bank, Signature Bank and First Republic Bank, which in ...
2d
Could Trump spark another financial crisis?
Some of Wall Street’s most powerful people are still celebrating the president-elect’s victory, but they should be wary.
EconoTimes
2d
Banking Crisis Warning? U.S. ‘Problem Bank’ List Adds More Names as Profits Dip in Alarming Trend
The Federal Deposit Insurance Corporation (FDIC) reported Thursday that two more banks have been added to its problem bank ...
1d
How a Play About a Bank Explains the Post-Financial Crisis World
A boyish-looking 43-year-old, Power is best known for his deft touch with historical dramas. There is a certain inevitability ...
WDRB
3d
Scott County school board facing financial crisis, long road to recovery
The district is still a long way from recovering a $4 million deficit—and the road to recovery is far from clear.
News Day
1d
Economic stakeholders bemoan liquidity crisis
ECONOMIC stakeholders have raised alarm over a worsening liquidity crisis in Zimbabwe, which they say is crippling industry ...
3d
on MSN
French central bank expects zero growth in fourth quarter
The bank's monthly survey shows a rising uncertainty among businesses in Europe's second-biggest economy. View on euronews ...
EurekAlert!
4d
Navigating crises: The financial adaptations of NGOs during the COVID-19 pandemic
Demand for NGO services usually increases in times of crisis. However, a new study led by Kaunas University of Technology ...
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