John Dugan has announced his intention to step down from the US Office of the Comptroller of the Currency in mid-August. Appointed by former president George Bush, Dugan served as comptroller for a five-year term.
His successor will be selected by President Barrack Obama. The timeframe for announcing Dugan’s replacement is not known, but a regulatory source suggests Richard Neiman, the superintendent of banks for the state of New York, is a frontrunner for the role.
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