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Bair To Leave FDIC

Sheila Bair has announced she will step down as chairman of the Federal Deposit Insurance Corp. July 8 after five years, reports Reuters.

Sheila Bair has announced she will step down as chairman of the Federal Deposit Insurance Corp. July 8 after five years. Bair did not disclose her future plans and observers say a leading candidate to succeed her may be Martin Gruenberg, the current vice chairman.

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