The entrance of a building with the FDIC logo on the floor.
A new independent report says the Federal Deposit Insurance Corporation has a toxic work culture.
  • The Federal Deposit Insurance Corporation has a "patriarchal" culture, an independent report says.
  • The report notes that the bank regulator has taken no action on dozens of harassment complaints.
  • Investigators have raised doubts about the FDIC chairman's ability to transform the culture.

A key US bank regulator has a "patriarchal" and "insular" culture and is led by a chairman with a reputation for a strong temper, an independent report released on Tuesday says.