FDIC Chair Martin Gruenberg resigns over sexual harassment allegations.

Federal Deposit Insurance Corp (FDIC) Chair Martin Gruenberg announced his resignation following allegations of a toxic workplace culture and sexual harassment within the agency. Gruenberg said he would step down once a successor is confirmed by the Senate. The decision comes after an external investigation found widespread sexual harassment and misconduct at the FDIC under Gruenberg's leadership.

May 20, 2024
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