FDIC Orders Employees to Return to Office as Workforce Shrinks

The Federal Deposit Insurance Corp. ordered all of its employees to return to the office by the end of March with only a few exceptions, as the banking regulator moves to slash its workforce.

All FDIC employees will have to report to the agency’s Washington headquarters or a regional or field office to work full-time beginning March 31, according to a Wednesday all-staff email from Daniel H. Bendler, the agency’s deputy to the chairman and chief operating officer, obtained by Bloomberg Law.

Any FDIC employee who is working remotely will be required to report to an agency office within a ...