Martin Gruenberg, Chairman of the Federal Deposit Insurance Corporation (FDIC), resigned in May this year in response to an investigation into the institution's toxic workplace culture. But Glenberg stated that he will continue to serve until a successor is appointed and confirmed. The Trump administration is preparing to relax its supervision of the FDIC to some extent, as the agency strengthened its scrutiny of banks after the regional banking crisis erupted in 2023. For example, the institution has stated that it will impose stricter scrutiny on bank transactions of a certain scale. The top priority for the Trump administration is to drive out SEC Chairman Gary Gensler, who has said he will fire him on his first day in office. @duyen2711

That's quite the shake-up at the FDIC! It'll be interesting to see how the changes in supervision impact the banking landscape. The focus on leadership shifts is definitely something to keep an eye on.