U.S. Financial Regulator OCC Joins Other Agencies in Firing Staff

he Office of the Comptroller of the Currency (OCC), responsible for overseeing large national banks in the U.S., has announced the termination of 76 probationary employees. These individuals are set to leave their positions by March 8, 2025. This move aligns with the Trump administration’s broader initiative to reduce the federal workforce. In 2024, the OCC reported having 3,630 full-time employees. Similar actions have been observed in other federal agencies, including the Federal Deposit Insurance Corporation and the Consumer Financial Protection Bureau, which have also recently dismissed probationary staff.

Source: Reuters