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:
Related suggestion:
Campus protests: The history of 'outside agitators,' explainedI'm a researcher who studies 100Sudan’s military fends off an attack by paramilitary forces on a major Darfur cityMariners' top reliever Matt Brash to miss the rest of season after Tommy John surgeryJennifer Garner, 52, reveals she had no difficulty conceiving her three kids with exSydney Sweeney put on a very leggy display in tiny metallic shorts and kneeTips to make a house safe and accessible for older adultsJermain Defoe, 41, and midriffHomers by Acuña, Albies and Olson in 3rd lead Morton and Braves to 4Ashley Roberts puts on a leggy display in a sequinned gold thigh
2.9472s , 6504.4609375 kb
Copyright © 2024 Powered by FDIC chairman Martin Gruenberg to step down, White House says ,Cosmic Compass news portal