FDIC chairman Martin Gruenberg to step down, White House says
NEW YORK (AP) — The White House said Monday that the chairman of the Federal Deposit Insurance Corporation will step down, a departure that follows the release earlier this month of a damning report about the agency’s toxic workplace culture.
The White House said Martin Gruenberg will step down once a successor is appointed and that President Joe Biden will name a replacement “soon.” The announcement came after the top Democrat on the Senate Banking Committee earlier Monday called for Gruenberg’s removal.
Biden expects the FDIC “to reflect the values of decency and integrity and to protect the rights and dignity of all employees,” Deputy Press Secretary Sam Michel said in a statement.
The FDIC is one of several U.S. banking system regulators. The Great Depression-era agency is best known for running the nation’s deposit insurance program, which insures Americans’ deposits up to $250,000 in case their bank fails.
Related articles
FDIC chairman Martin Gruenberg to step down, White House says
NEW YORK (AP) — The White House said Monday that the chairman of the Federal Deposit Insurance Corpo2024-05-22U.S. move of tariff hikes sets bad example for free trade
BEIJING, May 16 (Xinhua) -- Chinese industrial groups and officials have voiced their objection to t2024-05-22China to strengthen administrative law enforcement oversight
BEIJING, May 14 (Xinhua) -- China will strengthen oversight over administrative law enforcement thro2024-05-22Inside Taylor Swift and Travis Kelce's luxurious $21K
Taylor Swift and Travis Kelce enjoyed the seclusion of an exclusive — and pricey — villa on Italy's2024-05-22Six killed in a 'foiled coup' in Congo, the army says
KINSHASA, Congo (AP) — Six people were killed and dozens arrested following attacks on the residence2024-05-22String of pars weren't enough for Collin Morikawa as others shot birdies at PGA Championship
LOUISVILLE, Ky. (AP) — Collin Morikawa made 14 straight pars to start his final round at the PGA Cha2024-05-22
atest comment