Senate Confirms FDIC Board, Other Key Financial Posts

Law360, New York (March 29, 2012, 10:43 PM EDT) -- The U.S. Senate on Thursday confirmed five of President Barack Obama’s nominees for key financial regulatory posts, including three new members of the Federal Deposit Insurance Corp.’s board of directors and the new Comptroller of the Currency.

The Senate confirmed Martin Gruenberg, who is currently serving as the acting chairman of the FDIC, as the new chairman of the bank backstop, according to Tim Johnson, D-S.D., chairman of the Senate Committee on Banking, Housing and Urban Affairs. The Senate also confirmed Thomas Hoenig, a former president...
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