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The FDIC's goal is to prevent another banking crisis. It's now also a Trump target

President Trump's sweeping cuts to the federal government are also threatening a key banking watchdog.

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The FDIC's goal is to prevent another banking crisis. It's now also a Trump target
A man walks past a branch of Signature Bank in New York City on March 13, 2023. After Signature Bank collapsed during the 2023 regional banking crisis, the Federal Deposit Insurance Corp. said it didn

President Trump's sweeping cuts to the federal government are also threatening a key banking watchdog.

(Image credit: Ed Jones)

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