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Biden to nominate Christy Goldsmith Romero as FDIC chair after abrupt departure of predecessor
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FILE - The Federal Deposit Insurance Corporation seal is shown outside its headquarters, March 14, 2023. The White House announced Thursday, June 13, 2024, that President Joe Biden will nominate Christy Goldsmith Romero to replace Martin Greunberg as head of the FDIC. - photo by AP Photo/Manuel Balce Ceneta, File
NEW YORK (AP) — President Joe Biden will nominate Christy Goldsmith Romero to replace Martin Greunberg as head of the Federal Deposit Insurance Corporation. The announcement from the White House on Thursday came after Gruenberg’s tenure became marred by allegations of workplace abuse that led to him to resign. A longtime financial regulator, Goldsmith Romero is currently a commissioner at the Commodity Futures Trading Commission, the nation’s financial derivatives regulator, and previously worked with the Department of Treasury.