(Reuters) -U.S. President Donald Trump this week nominated Travis Hill, the acting chair of the Federal Deposit Insurance Corp, to lead the key U.S. bank regulator, according to a source familiar with the matter.
Hill was widely seen as the top contender to take the job on a permanent basis. He has served as FDIC’s vice chair since 2023.
He had previously served as a senior adviser to then FDIC Chairman Jelena McWilliams during Trump’s first term.
Bloomberg News had first reported the story.
(Reporting by Pete Schroeder and Bipasha Dey and Arasu Kannagi Basil in Bengaluru; Editing by Leroy Leo)
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