WASHINGTON—President Donald Trump will nominate Joseph Otting to a post overseeing federally chartered banks, a move that would place a former banker in a key role as the Trump team reviews financial regulatory policies. The White House announced late Monday it intends to nominate Mr. Otting to be comptroller of the currency. The Senate will have to confirm him, a process that could take months. He had previously been reported as a candidate for the job and would replace Keith Noreika, the acting comptroller. The Trump...

Source: Wall Street Journal June 06, 2017 01:18 UTC