WASHINGTON Federal prosecutor Loretta Lynch may soon replace Attorney General Eric Holder, but it appears that the country's banks can breathe easy over the pending shake-up.
The White House formally named Lynch, a two-time U.S. attorney for the Eastern District of New York, on Saturday. She's garnered a reputation in both the public and private sector as being smart, fair and apolitical, which likely boosts her chances for Senate confirmation either during the lame duck session or early next year when Republicans take control of the chamber.
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