Biden nominates Christy Goldsmith Romero as new FDIC chair

President Joe Biden has nominated Christy Goldsmith Romero to replace Martin Gruenberg as head of the Federal Deposit Insurance Corporation following allegations of workplace abuse that led to Gruenberg's resignation. Goldsmith Romero, a longtime financial regulator and current commissioner at the Commodity Futures Trading Commission, has a strong track record of fair regulation and experience handling financial crises. Her nomination is expected to bring positive change to the FDIC, which has been marred by incidents of stalking, harassment, and discrimination. The move has garnered bipartisan support and aims to ensure a safe workplace for FDIC employees to focus on their mission of safeguarding the country's financial security.