The White House’s delay in nominating the Federal Reserve’s new regulatory chief is likely to compound a logjam in approving bank tie-ups that have been on ice since September due to uncertainty over personnel changes at the U.S. central bank. While Democratic President Joe Biden said last week he would re-nominate Jerome Powell as Fed chair, he left the industry guessing as to who would take on the powerful vice chair for supervision role overseeing Wall Street’s biggest lenders.

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