FDIC chairman Martin Gruenberg to resign following investigations into sexual harassment at the bank regulator

Tue, 05/21/2024 - 00:48

Martin Gruenberg holding a piece of paper. — Martin Gruenberg, the chair of the Federal Deposit Insurance Corporation, testifying before the Senate Banking, Housing, and Urban Affairs Committee on Capitol Hill on Thursday.
Kevin Dietsch via Getty Images

The FDIC chairman, Martin Gruenberg, has said he'll resign following a report on poor workplace culture.
An investigation found that the FDIC's culture was misogynistic and that wrongdoers weren't punished.
President Joe Biden is set to nominate a new FDIC chair, whom the Senate would then vote on.

The chairman of a key US bank regulator has said he'll resign after an independent investigation found widespread sexual harassment and other issues at the agency, and politicians from both major parties criticized his leadership.