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The Wall Street Journal: Biden expected to name Wall Street bank critic to watchdog post

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WASHINGTON — President Joe Biden plans to nominate a law professor who has criticized Wall Street banks to oversee some of the largest U.S. lenders, according to people familiar with the matter.

Biden is expected to tap Saule Omarova, a Cornell University law professor, to become the Comptroller of the Currency, which oversees national banks including JPMorgan Chase & Co.
JPM,
+1.92%

and Bank of America
BAC,
+2.58%
.
A formal announcement could come later this week, the people said.

A White House spokeswoman declined to comment. Omarova didn’t immediately respond to a request for comment.

Bloomberg News reported earlier on the expected nomination.

An expanded version of this report appears on WSJ.com.

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