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This follows a damning report about the agency’s toxic workplace culture was released earlier this month and the inability of FDIC Chair Martin Gruenberg to convince Congress in testimony last ...
Martin Gruenberg, the Chairman of the Federal Deposit Insurance Corporation is facing a barrage of calls from lawmakers to resign after a scathing 234-page report released Tuesday detailed ...
An independent review of the Federal Deposit Insurance Corp. 's workplace culture describes an environment that fostered “hostile, abusive, unprofessional, or inappropriate conduct," and ...
John M. Reich was a Director of the Federal Deposit Insurance Corporation (FDIC). He was sworn in on January 15, 2001, following an appointment by President of the United States Bill Clinton and served on the FDIC Board for eight years.
"Unfortunately, the Cleary report diverts attention from the longstanding institutional challenges confronting the FDIC by spotlighting allegations of temperament raised against only one of three ...
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. [ 8 ] : 15 The FDIC was created by the Banking Act of 1933 , enacted during the Great Depression to restore trust in the American banking system.
At the lower extreme, a critically undercapitalized Federal Deposit Insurance Corporation (FDIC)-regulated institution (i.e., one with a ratio of total capital / assets below 2%) is required to be taken into receivership by the FDIC in order to minimize long-term losses to the FDIC. [1]
The chair of the FDIC told a Senate committee Tuesday that he was 'personally disturbed' by a report of sexual harassment and a toxic culture at the regulatory agency.