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
Kylie Jenner displays her VERY edgy fashion sense in cleavage
Kylie Jenner put her edgy eye for style on display once again as she stepped out in the Los Angeles2024-05-22Florida sues ACC seeking records in dispute with FSU over conference exit fees
TALLAHASSEE, Fla. (AP) — Florida’s attorney general sued the Atlantic Coast Conference on Thursday i2024-05-22Amazon unit plans to invest $11 billion to data center in Indiana
NEW CARLISLE, Ind. (AP) — Amazon ’s cloud computing unit Amazon Web Services plans to invest $11 bil2024-05-22Jeremy Clarkson's Diddly Squat goes online! Ex
Jeremy Clarkson's fans can now buy a range of products from the star's famous Diddly Squat farm on A2024-05-22BBC Countryfile star Adam Henson's wife wrote heartbreaking goodbye letters after cancer diagnosis
Countryfile star Adam Henson has bravely opened up about his wife Charlie's pancreatic cancer diagno2024-05-22Jon Bon Jovi, 62, admits 'EVERY day is a challenge' in his 35
Jon Bon Jovi got candid about his 35-year marriage to wife Dorothea Hurley on Good Morning America o2024-05-22
atest comment