White House to Nominate Martin Gruenberg for New Term as FDIC Chairman
Martin Gruenberg, acting chairman of the Federal Deposit Insurance Corp., in Washington in June.
Photo:
Ting Shen/Bloomberg News
WASHINGTON—The White House on Monday said it would tap
Martin Gruenberg,
the acting head of the Federal Deposit Insurance Corp., for a second term as the banking regulator’s leader.
The move comes during a lengthy period of uncertainty over leadership at the agency and is certain to please progressive Democrats, who favor Mr. Gruenberg as an experienced policy hand generally favoring stricter industry oversight.
Republicans are expected to object to Mr. Gruenberg, given his role in helping to push out a Trump-appointed FDIC chairman last year, but Democrats will maintain control of the Senate in the new year, likely ensuring his confirmation.
Mr. Gruenberg was last confirmed by the Senate in 2012, unanimously by voice vote.
(More to come)
Write to Andrew Ackerman at [email protected]
Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Martin Gruenberg, acting chairman of the Federal Deposit Insurance Corp., in Washington in June.
Photo:
Ting Shen/Bloomberg News
WASHINGTON—The White House on Monday said it would tap
Martin Gruenberg,
the acting head of the Federal Deposit Insurance Corp., for a second term as the banking regulator’s leader.
The move comes during a lengthy period of uncertainty over leadership at the agency and is certain to please progressive Democrats, who favor Mr. Gruenberg as an experienced policy hand generally favoring stricter industry oversight.
Republicans are expected to object to Mr. Gruenberg, given his role in helping to push out a Trump-appointed FDIC chairman last year, but Democrats will maintain control of the Senate in the new year, likely ensuring his confirmation.
Mr. Gruenberg was last confirmed by the Senate in 2012, unanimously by voice vote.
(More to come)
Write to Andrew Ackerman at [email protected]
Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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