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

  • 2 months 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.