Quarles to leave Fed’s board, giving Biden another slot

WASHINGTON (AP) — Randal Quarles announced Monday that he will resign from the Federal Reserve’s Board of Governors at the end of the year after completing a four-year term as its top bank regulator, opening up another vacancy on the Fed’s influential board for President Joe Biden to fill.

Quarles has served as the Fed’s first vice chair of supervision, which gave him wide-ranging authority over the banking system...