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White House to nominate Goldsmith Romero soon, aiming for July hearing - source
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White House to nominate Goldsmith Romero soon, aiming for July hearing - source
Jun 12, 2024 9:10 PM

NEW YORK, June 12 (Reuters) - The White House will

nominate markets regulator Christy Goldsmith Romero as Federal

Deposit Insurance Corporation chair imminently as it targets the

week of July 8 for her first hearing, a person with direct

knowledge of the matter said on Wednesday.

Goldsmith Romero, a Democratic commissioner at the Commodity

Futures Trading Commission, will replace Martin Gruenberg who is

stepping down after a damning probe found widespread sexual

harassment and other misconduct at the top banking regulator.

Kristin Johnson, the CFTC's other Democratic commissioner

who was also in the running for the FDIC chair role, will be

nominated for Assistant Secretary for Financial Institutions at

the Treasury Department at the same time, the same source said.

The White House declined comment. A spokesperson for the

CFTC declined to comment. The Treasury and FDIC were not

immediately available for comment outside regular business

hours.

(Writing by Michelle Price; additional reporting by Douglas

Gillison and Pete Schroeder and Jarrett Renshaw; Editing by

Megan Davies)

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