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Fifth Third Lawyer Is Said to Be a Top Candidate for FDIC Chief

  • Former Senate banking staffer is bank’s chief legal officer
  • Previous FDIC nominee Clinger dropped out earlier this month

The Trump administration is considering nominating Fifth Third Bancorp’s top lawyer to lead a key banking regulator, people familiar with the matter said.

Jelena McWilliams has had several meetings in recent weeks with administration officials about running the Federal Deposit Insurance Corp., the people said. Though she hasn’t been formally offered the position, she is a leading candidate, they added.