FDIC Chair Martin Gruenberg Resigns Amid Scandal of Sexual Harassment and Discrimination

Benzinga
Benzinga
  • 17 days ago
FDIC Chair Martin Gruenberg announced he would resign after a recent probe found widespread sexual harassment and discrimination at the agency. A White House spokesperson said President Biden will soon nominate a new FDIC chair and expects the Senate to confirm the nominee quickly. A law firm report detailed allegations of sexual harassment, discrimination, and verbal abuse against Gruenberg and a toxic culture at the FDIC. The FDIC probe found over 500 accounts of misconduct.

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