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NEWS: US Treasury department prepares to streamline banking regulators

U.S. Secretary of the Treasury Scott Bessent

By Ateev Bhandari and Niket Nishant

THE U.S. Treasury department is preparing recommendations for streamlining some banking regulators, as it seeks a stronger role in the oversight of the country’s biggest lenders.

The recommendations could impact the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation, media reports said, citing three people familiar with the process.

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