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Exclusive: The FDIC has suspended pay bonuses for roughly two dozen executives under investigation for misconduct, a year after a Wall Street Journal investigation revealed a toxic and sexualized workplace culture at the bank regulator https://t.co/gPz6tPykQK
Some at FDIC actually have been recently arguing bonuses should be paid out to people under investigation for misconduct in the agency-wide probes spurred by WSJ reporting. @ginaheeb @rebeccaballhaus https://t.co/SlV9QYEPo4
The FDIC suspended bonuses for about two dozen executives under investigation for misconduct, according to the Wall Street Journal https://t.co/mu4zmosZVq
The Federal Deposit Insurance Corporation (FDIC) has suspended pay bonuses for approximately two dozen executives who are under investigation for misconduct. This decision comes more than a year after a Wall Street Journal investigation highlighted a toxic workplace culture within the agency. The internal debate regarding the suspension of bonuses had been contentious, with some arguing that bonuses should still be awarded despite the ongoing investigations. The FDIC's action reflects a response to the findings of the previous report, which detailed issues of misconduct and a sexualized workplace environment at the agency.