[…] Federal Deposit Insurance Corp., Office of the Comptroller of the Currency and Securities and Exchange Commission are set to be laid off. The group includes bank examiners, criminal investigators and economists. The layoffs are the sharpest in decades, and the financial regulators affected are responsible for overseeing banks, trading houses and the public markets. However, the regulators are shuffling their remaining staffers and adjusting policies to manage the cuts.Even before his inauguration, Trump and his team signaled his intent to pare back financial regulatory bodies. Members of his transition team suggested that they wanted to shrink, consolidate or eliminate the agencies. The number of jobs affected was not disclosed, but the Treasury Department said it would conduct a “substantial” round of layoffs in March, but it has not been disclosed how many jobs will be cut. Read full article […]