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Banking


Washington Outlook: Capital Wrapup

BANKING

Bill Clinton, who has resisted calls for bipartisanship in his Administration, may end up giving a top bank-regulation job to a Republican. The reason is his old friend and Little Rock aide, Arkansas banker William H. Bowen. Clinton promised Bowen his choice of banking posts, but Bowen only wants a director's seat on the Federal Deposit Insurance Corp. At most, three of five FDIC directors can come from one party, and Bowen and Comptroller of the Currency-designate Gene Ludwig are both Democrats. That means that the FDIC chair, deputy chair, or the director of the Office of Thrift Supervision must be a Republican or independent. Edited by Stephen H. Wildstrom


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