US President Donald Trump has reportedly floated the idea of shutting down the Federal Deposit Insurance Corporation (FDIC), a move that analysts say would be a highly politicized and challenging decision.
Experts are weighing in on the potential implications of such an action, which could have significant consequences for the US banking system. While details about the proposal are scarce, analysts agree that it would require careful consideration from lawmakers and regulators.
Source: https://www.reuters.com/markets/us/trump-advisers-reported-plan-ease-banking-oversight-may-not-get-required-support-2024-12-13