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The White House says FDIC chairman to step down following report on agency’s toxic workplace culture

Posted on AllSides May 20th, 2024
From The Left
AP Photo / Mariam Zuhaib, File

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...

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