Biden Nominee to Oversee Big Banks Faces Criticism at Senate Hearing

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Biden Nominee to Oversee Big Banks Faces Criticism at Senate Hearing
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President Biden’s banking-regulator pick, Saule Omarova, is likely to face questions on past writings and calls to shrink big banks at a Senate hearing

choice to lead a top banking regulator

faced criticism at a hearing Thursday from moderate Democrats who hold the key to her nomination, leaving her confirmation prospects uncertain. Sen. Jon Tester and Sen. Mark Warner challenged Saule Omarova on her thinking and past writing on bank oversight. Mr. Tester also pressed her over remarks she made earlier this year calling for smaller oil-and-gas companies to go bankrupt to aid the U.S. in tackling climate change.

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