FDIC Chair Gruenberg apologizes for toxic work culture, pledges changes amidst GOP calls for resignation.
FDIC Chair Martin Gruenberg has apologized for a "toxic" work culture at the Federal Deposit Insurance Corporation and pledged to make changes, despite Republican lawmakers calling for his resignation. Gruenberg submitted testimony to Congress that he would establish a new, independent office focused on professional conduct to address the workplace issues. The FDIC is under scrutiny after an external report revealed widespread sexual harassment, discrimination, and a "good ol' boys club" culture at the agency.
May 14, 2024
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