FDIC Chair Faces Increasing Pressure Over Toxic Workplace Culture

Martin Gruenberg, the Chair of the Federal Deposit Insurance Corporation is facing increasing pressure. He calls for Republican lawmakers to resign due to reports of a toxic workplace culture at the agency. The Wall Street Journal investigation revealed that Gruenberg and other FDIC leaders were implicated in inadequately addressing claims of sexism and racial discrimination, contributing to a hostile work environment. Key GOP figures are now calling for Gruenberg's resignation to restore public trust and confidence in the FDIC. Some Democrats also voiced concern and supported an investigation, though they did not explicitly call for his ouster.