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Martin Gruenberg

All articles tagged with #martin gruenberg

politics1 year ago•2 min saved

FDIC Chair Gruenberg Announces January Resignation

Martin Gruenberg, the Democratic chair of the Federal Deposit Insurance Corporation (FDIC), announced his resignation effective January 19, 2025, a day before President-elect Donald Trump's inauguration. This move avoids a potential legal conflict if Trump were to dismiss him. Gruenberg faced pressure to resign following an investigation into a toxic workplace culture at the FDIC. His departure will allow Republican Vice Chair Travis Hill to become acting chair, with the possibility of being nominated as the permanent leader by Trump.

via POLITICO|

#banking-regulation #fdic #martin-gruenberg

governmentregulation2 years ago•1 min saved

"FDIC Chief Faces Bipartisan Pressure and Investigation Amid Misconduct Allegations"

The Federal Deposit Insurance Corporation (FDIC) is facing bipartisan scrutiny following reports of a culture of sexual harassment. The Wall Street Journal investigation revealed that female examiners left the agency due to a sexualized and discriminatory environment, with concerns raised about FDIC Chair Martin Gruenberg's management. Senate Banking Committee Chair Sherrod Brown has called for an independent investigation into the agency's workplace culture, while House Financial Services Committee Chairman Patrick McHenry criticized Gruenberg for allegedly misleading the committee. Republicans have seized the opportunity to criticize the FDIC, capitalizing on public disapproval of financial regulators.

via The Hill|

#fdic #governmentregulation #investigation