WASHINGTON — The Obama administration is considering nominating Jeremiah Norton, an executive director for JPMorgan Chase & Co.'s investment bank, to sit on the Federal Deposit Insurance Corp.'s board of directors.

Norton, a former Treasury official in the Bush administration, has been recommended for the spot by Sen. Mitch McConnell, the Senate minority leader, according to sources. The White House is currently vetting him and, unless issues arise in that process, he is likely to be chosen for the independent board seat.

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