President Joe Biden has nominated former Mastercard CEO Ajay Banga to lead the World Bank — the first time a credit card executive has been chosen for the spot. The nomination comes as Biden pitches himself as a defender of American consumers and an enemy of the banking industry. “Ajay is uniquely equipped to lead the World Bank at this critical moment in history,” Biden said in a statement on Thursday. “… he also has critical experience mobilizing public-private resources to tackle the most urgent challenges of our time, including climate change.” Banga’s nomination comes less than a month after...