5/3, 7:49 PM (Source: TeleTrader)
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Yellen to name Hsu acting comptroller of the currency - report

United States Treasury Secretary Janet Yellen (pictured) intends to name current Federal Reserve's Division of Supervision and Regulation Associate Director Michael Hsu as acting comptroller of the currency, an unnamed source told The Wall Street Journal on Monday.

He will assume the post after joining the Office of the Comptroller of the Currency (OCC) initially as first deputy comptroller, while an official announcement of his hiring should be expected "in the coming weeks," according to the report.

Blake Paulson, who is currently serving as acting comptroller, will reportedly stay at the OCC as chief operating officer and deputy comptroller.

Breaking the News / MS