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
I'm a cruise ship worker...these are the FIVE things smart passengers always do onboard
A cruise ship worker has shared the five things that 'smart' passengers always do when they come abo2024-05-21Back to countryside, new trend amid China's rural revitalization drive
(Xinhua) 09:52, February 24, 2024* Throughout the history of human development, rural decline in the2024-05-21Chinese new energy vehicle sector speeds up expansion overseas
By Wang Zheng (People's Daily) 08:52, January 24, 2024China-built vehicles are about to be exported2024-05-21How to tackle crime in Indian Country? Empower tribal justice, ex
WASHINGTON (AP) — A quarter-century ago, the Justice Department had few meaningful relationships wit2024-05-21Forensic psychiatrist reveals the different types of stalkers
Stalking has been in the spotlight recently thanks to the smash hit success of Netflix drama Baby Re2024-05-21- (Xinhua) 11:08, March 26, 2024A flag-raising ceremony is held at the Golden Bauhinia Square by the H2024-05-21
atest comment