FDIC, OCC Probationary Employees Reinstated, Placed on Leave

Two federal banking regulators reinstated probationary employees terminated in a previous round of workforce cuts, according to letters sent to the workers.

The employees at the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency will be placed on administrative leave and are unable to work unless specifically instructed by their managers, the Monday letters obtained by Bloomberg Law said.

The reinstatements came after Judge James Bredar of the US District Court for the District of Maryland ruled March 13 that the Trump administration unlawfully fired probationary employees with two years or less of experience at ...