FDIC chair intends to resign in February, giving Biden more say over bank regulation


Source: asianewsday.com asianewsday.com

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Jelena McWilliams, chair of the Federal Deposit Insurance Corporation (FDIC), during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Aug. 3, 2021. Al Drago | Bloomberg | Getty Images Jelena McWilliams, the head of the Federal Deposit Insurance Corp and a holdover Trump appointee, said Friday she intends to leave her position in early 2022. In a surprise announcement , McWilliams said she is resigning effective Feb. 4. The move gives President Joe Biden another opportunity to strengthen his hand over banking regulation. McWilliams has been with the FDIC since 2018 and recently...