Monday, 28 July 2014
Last updated 8 min ago
Jul 30 2013 | 10:06am ET
The former top lawyer at Bridgewater Associates is now the top man at the Federal Bureau of Investigation.
The U.S. Senate yesterday confirmed James Comey as director of the FBI, after Sen. Rand Paul (R-Ky.) lifted the hold he had placed on Comey's nomination. Paul said he allowed a vote only after the FBI had answered his questions about domestic use of drones.
Paul still voted against Comey's nomination, but he did so alone: Comey, who left Bridgewater in January and had been teaching at Columbia Law School, was confirmed by a vote of 93 to one.
"It is a shame that such an important and highly-qualified nominee to lead the FBI had to wait an unprecedented 38 days to be confirmed, but I am glad that senators finally came together to ensure that the FBI has a confirmed leader at the helm," Sen. Patrick Leahy (D-Vt.), head of the Senate Judiciary Committee, said.
Comey succeeds Robert Mueller, who has led the FBI for 12 years.
A Republican, Comey made his name when he refused to reauthorize the National Security Agency's domestic wiretapping program as a top official in President George W. Bush's Justice Department.
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…