BANKING
From Times Staff and Wire Reports
Clarke to Stay Until Successor Is Named: Robert L. Clarke said he will stay on as comptroller of the currency for now, even though his nomination to a second term was rejected by the Senate Banking Committee. “I believe it is essential that the office . . . continue to have leadership during this critical period for banks,” he said. The comptroller regulates federally chartered banks, including most of the nation’s largest institutions. Under the law, Clarke can remain on the job until a successor is found.
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