President Barack Obama has nominated JPMorgan Executive Director Jeremiah Norton to the FDIC’s board of directors, according to a report by Reuters.
In his position at JPMorgan Securities LLC, Norton focuses on advising companies and institutions on mergers and acquisitions.
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Additionally, President Obama has nominated the following individuals to the FDIC board: Martin Gruenberg as Chairman and Thomas Hoenig as Vice Chairman.
While Norton, Gruenberg and Hoenig have been nominated, their appointments have yet to be voted on by the Senate due to the controversy surrounding the recess appointment of Richard Cordray as CFPB Director.
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