John D. Hawke Jr.'s confirmation as comptroller of the currency appears to be back on track.

On Thursday a spokesman for Sen. Strom Thurmond said the lawmaker was satisfied with the Treasury Department's progress on an unrelated issue and was prepared to release the "hold" he put on Mr. Hawke's confirmation Sept. 29. The hold effectively prevented the Senate from voting on the appointment.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.