President to Nominate Vice Chairman of F.D.I.C. to Lead It
President Obama said Friday that he would nominate Martin J. Gruenberg to run the Federal Deposit Insurance Corporation, the agency that guarantees bank deposits and cleans up failed banks.
The announcement is the administration’s first effort since last year to address the growing number of vacancies atop the agencies that regulate the financial industry. The White House still must submit more than half a dozen names to the Senate to fill other vacant top-level positions.