U.S. Official Overseeing Wall Street Mortgage Probes to Leave
- Stuart Delery, DOJ's No. 3 official, to resign April 14
- Antitrust Chief Bill Baer Said to Become Acting Replacement
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Stuart Delery, the Justice Department official overseeing civil investigations of banks for conduct related to the financial crisis, is stepping down April 14 to explore options in the private sector.
Delery is the department’s third-highest-ranking official with authority over the civil, civil rights and antitrust divisions. Since September 2014, he has managed a task force that reached billion-dollar settlements with Morgan Stanley and Standard & Poor’s over their roles in the sale of bad mortgage bonds.