FDIC Chair Accused of Verbal Abuse and Bullying Amid Toxic Culture in Damning Independent Report

An independent report found widespread sexual harassment, racial discrimination, bullying, and other misconduct at the US Federal Deposit Insurance Corporation. Over 500 current and former employees were interviewed about the toxic workplace culture and poor complaints handling. FDIC Chair Martin Gruenberg was accused of verbal abuse and bullying by some employees. Victims faced retaliation for complaining, and those accused of wrongdoing were often reassigned instead of facing real consequences. The report criticizes FDIC Chairman Gruenberg, questioning his credibility and moral authority to lead a cultural transformation.