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Bair to Step Down From FDIC

Posted on 5/10/2011

FDIC Chairman Sheila Bair will leave her post on July 8, the agency announced yesterday. Bair earlier had announced her intention to depart the agency after the expiration of her term. She will preside over her final FDIC Board meeting during the first week of July. Her replacement has not yet been announced, though press speculation has focused on FDIC Vice Chairman Martin Gruenberg.

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