What will be the impact of Trump's banking regulation changes on small and regional banks by 2025?
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Economic reports and analyses from financial institutions and government agencies
Trump Team Considers Eliminating FDIC in December 2024 Amid Banking Regulation Overhaul, WSJ Reports
Dec 13, 2024, 09:50 AM
Donald Trump's transition team is reportedly considering significant changes to the regulatory landscape for banks, including the potential downsizing or elimination of key banking watchdogs such as the Federal Deposit Insurance Corporation (FDIC). This exploration of regulatory reform aligns with ongoing discussions among Trump's advisors regarding the future of banking regulations in the U.S. The Wall Street Journal has highlighted these developments, indicating a shift in the approach to financial oversight that could impact small and regional banks, which rely on the FDIC as a safety net against insolvency. Some analysts express skepticism about the feasibility of completely abolishing the FDIC, suggesting that while major changes may be possible, the complete elimination of such a crucial institution may be overly ambitious.
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