Bloomberg Law
May 3, 2017, 5:52 PM UTC

Trump Administration Ousts Obama Holdover at Bank Agency

Bloomberg Media

By Jesse Hamilton, Bloomberg News

Treasury Secretary Steven Mnuchin named a banking lawyer to run the Office of the Comptroller of the Currency on a temporary basis, removing an Obama administration holdover from one of the U.S.’s top financial regulators.

Simpson Thacher & Bartlett partner Keith Noreika was appointed acting comptroller, the Treasury Department said in a statement Wednesday. The decision means Thomas Curry, who has led the OCC since 2012, will have to leave the agency at the end of the week.

“Keith Noreika has deep experience in helping banks operate in a safe and sound manner, provide fair access ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.