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FDIC Chair Martin Gruenberg said Monday that he is prepared to step down less than a week after he rebuffed bipartisan calls to resign, a shake-up that could have implications for an aggressive ...
“The President will soon put forward a new nominee for FDIC Chair who is committed to those values and to protecting consumers and ensuring the stability of our financial system, and we expect ...
Sheila Bair, who was chair of the FDIC through the 2008 financial crisis and was one of the most prominent voices from government at that time, posted on Twitter on Monday that it would be best ...
While many Congressmen have called for him to resign or for President Biden to remove him from office, Chair Gruenberg has asserted that he is committed to leading and transforming the FDIC. [17] [18] However, on May 20, 2024, Martin Gruenberg announced he would be prepared to step down once a successor is confirmed. [19]
Should Gruenberg step down before a replacement can be appointed, the FDIC's board of directors would fall into a 2-2 partisan deadlock, hamstringing the Biden administration's bank regulation agenda.
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 ...
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 ...
The Biden administration’s banking regulations hang in the balance as the chair of the Federal Deposit Insurance Corp. (FDIC) prepares to step down in the face of reports documenting a toxic ...