FDIC chairperson announces resignation

FDIC Chairperson Jelena McWilliams announced her resignation today via a letter to President Joe Biden.

McWilliams, a Republican, was named the 21st chairperson of the FDIC in June 2018 after being appointed by then-President Donald Trump. Her official departure has been set for Feb. 4, with FDIC board member Martin Gruenberg reported to become acting chairman – his third stint atop the agency.

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