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Martin Gruenberg, Chairman of the Federal Deposit Insurance Corporation (FDIC), has announced his resignation following an independent investigation that uncovered widespread sexual harassment, bullying, and a toxic culture within the agency. The investigation has led to calls for new leadership, with Senate Banking Committee Chairman Sherrod Brown urging President Joe Biden to nominate a new chair immediately. Gruenberg stated that he would step down once a successor is confirmed. The White House has indicated that President Biden will soon put forward a nominee for the position. This development comes amid a heated political environment and significant scrutiny over the FDIC's workplace culture.
The White House said Monday that the chairman of the Federal Deposit Insurance Corporation will step down, a departure that follows the release of a damning report about the agency's toxic workplace culture. https://t.co/P8s62VIVHJ
Martin Gruenberg prepares to step down from his role as FDIC Chair less than one week after he rejected bipartisan calls to do so. @Jenniferisms details: https://t.co/AT99ek54yP
The Biden administration is more concerned about Democrats controlling @FDICgov than protecting women from workplace harassment. FDIC Chairman Gruenberg should resign immediately – not once a successor is confirmed. https://t.co/CTGBrYzrmv
