Mnuchin Says Trump to Nominate Interim Chief to Oversee Banks

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

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza