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


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.

and Bank of America
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

Also popular on

2022 best colleges in the U.S.: Harvard, Stanford, MIT take top rankings.

Inside Amazon’s department store plans: High-tech dressing rooms, its own apparel brands.

Personal Finance Daily: The Fed’s policy shift could have major repercussions for home buyers, and foreign investment in U.S. real estate is set for a comeback

Previous article

: Whether COVID-19 boosters get approved or not, Pfizer and Moderna have already made their money

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in News