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
Hilarious moment mother asks her Cocker Spaniel to help choose her lottery numbers
This is the hilarious moment a woman enlisted the help of her Cocker Spaniel to help choose her lott2024-05-22Tianjin welcomes tourists from 30 foreign countries on maiden cruise trip
Zuiderdam cruise ship operated by the Holland America Line docks at Tianjin International Cruise Por2024-05-22World political party leaders hail CPC's people
Cyril Ramaphosa, president of the African National Congress and South African president, addresses t2024-05-22Jon Wysocki dead at 53: Staind drummer passes away
The music world is in mourning this Sunday, with word that original Staind drummer Jon Wysocki passi2024-05-22Xi Story: Beacon of China's Reform and Opening up, Shenzhen Prospers Under Xi
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-22
atest comment