Regulation

Battle erupts over role of US banking watchdog

Saule Omarova has views that have raised ire on Wall Street as well as Main Street

WASHINGTON — President Biden's nominee to oversee large national banks is engaged in a contentious battle with those who want to sink her nomination.

Biden this month nominated Saule Omarova, a Cornell University law professor, to be comptroller of the currency, which supervises many of the biggest US lenders including JPMorgan and Wells Fargo.

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