Jeremiah Norton, one of the newest directors at the Federal Deposit Insurance Corp. (FDIC), warned of more profit squeezing and regulatory "headwinds" during his first public speech since joining the agency.

"We have revenue challenges, expense-line challenges," he said Wednesday at an Exchequer Club luncheon. "I'm not commenting on any particular regulation but it is a challenging headwind nonetheless. That challenge is really there for all sizes of banks."

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