Commerce nominee Howard Lutnick to divest, step down as CEO of Cantor Fitzgerald (1 Viewer)

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    Howard Lutnick, the billionaire financial executive named by President Trump to head the Commerce Department, has agreed to divest his holdings in a range of business interests, including stepping down from his longstanding position as head of the brokerage and investment bank Cantor Fitzgerald.

    Lutnick also agreed to step down from his position with the global brokerage and financial technology company BGC Group, Inc., which holds sizeable government contracts, and he has agreed to depart as chairman of Newmark Group, Inc., a commercial real estate...

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