Tuesday, 29 July 2014
Last updated 18 hours ago
May 31 2013 | 12:11pm ET
Two years after turning down the job, Bridgewater Associates' former top lawyer is poised to lead the Federal Bureau of Investigation.
President Barack Obama is set to nominate James Comey, who was a top official in President George W. Bush's Justice Department, to serve as director of the FBI. Comey is a Republican—but made a name for himself in 2004 when he refused to reauthorize the National Security Agency's domestic wiretapping program as acting attorney general.
Comey served as Bridgewater's general counsel from 2010 until earlier this year, when he joined Columbia Law School. Obama reportedly considered naming Comey FBI director two years ago, but Comey turned down the job. The president instead sought and won a two-year extension for Robert Mueller, who has led the FBI since 2001.
According to The New York Times, Comey met with Obama earlier this month, and was told he was the president's pick shortly afterward. He was selected over Lisa Monaco, the top counterterrorism adviser at the White House.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…