Vincent Viola Said to Withdraw as Secretary of Army Nominee
- Viola said to have difficulty severing business ties
- Viola is first Trump nominee to withdraw from consideration
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Vincent Viola, the billionaire founder of trading firm Virtu Financial Inc., has withdrawn his nomination to be Secretary of the Army after distancing himself from his business ties proved too difficult, according to two Trump administration officials and a third person familiar with Viola’s decision.
Viola informed President Donald Trump Friday that he will be unable to accept the nomination because separating from the organizations that he has built over the last 35 years have proven insurmountable, said two of the people familiar with Viola’s decision, who asked not to be named.