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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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It