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NEWS: Biden to nominate CFTC commissioner Goldsmith Romero to FDIC chair

FILE PHOTO: The Federal Deposit Insurance Corp logo is seen at the FDIC headquarters in Washington, February 23, 2011. REUTERS/Jason Reed/File Photo

By Douglas Gillison and Chris Prentice

U.S. President Joe Biden will nominate Christy Goldsmith Romero, a Democratic member of the Commodity Futures Trading Commission (CFTC), to replace Martin Gruenberg as chair of the Federal Deposit Insurance Corporation, the White House said on Thursday.

Gruenberg, a Democrat, said in May he would step down once a successor is confirmed by the Senate, succumbing to pressure from lawmakers who said the bank regulator needed fresh leadership after an investigation found widespread sexual harassment and other misconduct at the agency.

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