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Biden To Nominate Goldsmith Romero As FDIC Head

Joe Biden U.S. President Joe Biden travels to Minnesota

President Joe Biden has announced his intention to nominate Christy Goldsmith Romero to succeed Martin Gruenberg as the head of the Federal Deposit Insurance Corporation (FDIC). Gruenberg's resignation comes in the wake of allegations of workplace abuse that have tarnished his tenure.

Goldsmith Romero currently serves as a commissioner at the Commodity Futures Trading Commission, the regulatory body overseeing the nation's financial derivatives market.

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