White House to nominate Joseph Otting to head bank regulating office -official | Reuters


WASHINGTON, June 5 The White House plans to
nominate Joseph Otting, a former banking executive and associate
of Treasury Secretary Steve Mnuchin, to regulate national banks
as comptroller of the currency, a White House official said on
Monday.


The Office of the Comptroller of the Currency writes
money-laundering rules and bank charters and is one of several
regulators that monitor the health of Wall Street.
(Reporting by Ayesha Rascoe and Patrick Rucker; Editing by Eric
Beech)

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