Monday, February 14, 2011

FDIC to shut 490-person Irvine office

The Orange County County Register reports:
In a curious signal of economic recovery, banking regulator/insurer Federal Deposit Insurance Corp. will shut its Irvine office — the “West Coast Temporary Satellite Office” — by next year due to improving banking economics. The 490 employees, all temporary contract employees, will lose their jobs as originally planned in January