FDIC Rescinds Over 200 Job Offers for Bank Examiners Amid Staffing Shortages, Raising Concerns After SVB and Signature Bank Failures

The Federal Deposit Insurance Corporation (FDIC) has rescinded over 200 job offers for bank examiners, despite being short-staffed and in need of additional personnel. This decision has raised concerns among banking regulators and lawmakers, including Senator Elizabeth Warren, who highlighted that a lack of examiners previously contributed to the failures of Silicon Valley Bank and Signature Bank, necessitating substantial bailouts. The rescinded offers come amid broader hiring freezes within the FDIC and the Office of the Comptroller of the Currency (OCC), which have been criticized as ineffective measures for addressing staffing shortages in the banking sector.