Biden names Christy Goldsmith Romero as FDIC chief during critical period for the bank regulator.
The news emerges after FDIC Chair Martin Gruenberg declared his intention to resign once his replacement gets Senate's approval following an intense independent report that highlighted widespread sexual harassment, discrimination, and bullying within the agency regulating the banking sector.
This article is evolving and will be edited continuously.
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The appointment of Christy Goldsmith Romero as FDIC chief signifies a significant shift in the agency's business operations during this critical period. With the resignation of FDIC Chair Martin Gruenberg, the banking sector's business regulations may undergo substantial changes.
