Tuesday, April 10, 2012

Reuters: Market News: Freddie Mac homes in on next CEO - WSJ

Reuters: Market News
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Freddie Mac homes in on next CEO - WSJ
Apr 10th 2012, 06:43

April 10 | Tue Apr 10, 2012 2:43am EDT

April 10 (Reuters) - The former chief executive of online brokerage E*Trade Financial Corp has emerged as a favorite for the top job at Freddie Mac, the Wall Street Journal said, citing people familiar with the matter.

Donald Layton, who is one of three finalists being considered for the job, had met with Freddie's federal regulator last month, the people told the paper.

No final decision or job offer has been made, but there will be a decision in the next week, a person close to the situation told the Journal.

Freddie Mac could not immediately be reached for comment by Reuters outside regular U.S. business hours.

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