Comptroller of the Currency Eugene A. Ludwig announced Thursday that he will resign April 4, ending a remarkable five-year run that greatly expanded the powers of national banks.

Though the announcement was not a complete surprise-his term was due to end on April 4-some had speculated that Mr. Ludwig might serve a second term or simply remain in the job until President Clinton named a successor.

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.