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Federal Deposit Insurance Corporation Chairman Martin Gruenberg announced Monday that he will resign, after a recent probe found a widespread culture of sexual harassment and discrimination at the ...
The chairman of the Federal Deposit Insurance Corporation said he will resign after a probe found a widespread culture of sexual harassment and discrimination at the independent agency.
He is in the middle of his six-year term as chairman of the FDIC and if Gruenberg were to step down, Vice Chair Travis Hill, a Republican, would lead the agency.
Republicans have been calling for Gruenberg to step down since the allegations emerged late last year. The White House and Gruenberg resisted those calls partly because the FDIC is led by a five member board, and his resignation would pass control of the agency to the FDIC's vice chair, who is a Republican.
Gruenberg, whose five-year term ends in 2028, said he would step down once a successor is confirmed. The White House will soon put forward a nominee to replace him, deputy press secretary Sam ...
Scott, who called for Gruenberg to step down in December when the initial allegations were made public, is now calling for the Banking Committee to hold a separate hearing on the FDIC's workplace issues. Gruenberg has been been involved in various levels of leadership at the FDIC for nearly 20 years, and this is his second full term as FDIC chair.
Gruenberg has been at the FDIC since 2005 and is the longest-serving FDIC board member in the agency's 89-year history. During that time he served as its chair twice - once under President Barack ...
Martin James Gruenberg (born April 1, 1953) is an American attorney who has been chairman of the Federal Deposit Insurance Corporation (FDIC) since 2023. [1] Gruenberg previously served as FDIC chairman from 2012 to 2018; as well as on an acting basis from 2005 to 2006 and 2011 to 2012.