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Released: July 02, 2011
Official from F.D.I.C. picked to lead banking regulator
Source: Binyamin Appelbaum
President Obama announced Friday that he would nominate Thomas J. Curry to lead the Office of the Comptroller of the Currency, which oversees hundreds of national banks, including the giants Bank of America, JPMorgan Chase and Wells Fargo. Mr. Curry, a longtime state banking regulator in Massachusetts, has served for the last seven years as one of the five directors of the Federal Deposit Insurance Corporation. Mr. Curry’s nomination responds to the demands of Senate Democrats that the White House replace the acting head of the comptroller’s office, John G. Walsh, whom they regard as obstructing key aspects of the law passed last year to overhaul financial regulation.Read Full Article: Official from F.D.I.C. picked to lead banking regulator
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