
FDIC Chair Martin Gruenberg is facing bipartisan calls to resign following a report detailing a toxic workplace environment, including allegations of sexual harassment and bullying. During a heated House hearing, Gruenberg rebuffed demands for his resignation. Senate Banking Committee Chair Sherrod Brown and other lawmakers have called for fundamental changes at the FDIC, with some urging President Biden to replace Gruenberg immediately. The White House has indicated that Gruenberg will step down once a successor is appointed, and Biden will name a replacement soon. Critics have also linked Gruenberg's leadership to the 2023 bank crisis and called for a DOJ investigation into the FDIC's culture. Sherrod Brown emphasized the need for fundamental changes, and the Biden administration is under pressure to act swiftly.





Pres. Biden should fire Chairman Gruenberg today. Anything short of firing him will show that the president condones the abuse and harassment at the @FDICgov. https://t.co/KJiIaewUhm
McConnell on management issues at FDIC: Despite alarming reports about rampant sexual harassment, abuse and retaliation at the FDIC, Senate Democrats in position to insist on change have actually pulled their punches and fed up calls for Mr. Greenberg's resignation. We've heard…
"Chairman Gruenberg’s willingness to step down is welcomed. His departure is a necessary step forward in creating positive change and an inclusive work atmosphere from the top-down..." https://t.co/wIfkbPnPj8