The Trump administration will nominate an interim chief Wednesday to oversee federally chartered banks, Treasury Secretary Steven Mnuchin said.
Speaking to a trade group for community banks, the secretary said President Trump will name his temporary pick to replace the current comptroller of the currency, Thomas Curry. Curry was appointed by former President Barack Obama. His five-year term expired in April.
The office oversees the federal banking system and installs its own examiners inside large banks.
The vacancy is one of many key financial and economic jobs that remain unfilled by Trump, which includes two open seats on the Federal Reserve Board.
Mnuchin said the comptroller of the currency was one of three vacancies the Trump administration is hoping to fill quickly.
via CNN
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.