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The FDIC’s proposed changes to bank merger guidelines could also be imperiled if Gruenberg were to step down without a replacement. Former FDIC Chair Sheila Bair, a Bush appointee who called on ...
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 ...
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 ...
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.
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 ...
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]
Kennedy (R-LA) asked Gruenberg, adding, “you're not going to be able to clean up the FDIC because you’re going to be too busy defending yourself in court." Gruenberg heard similar comments to either step down or make serious reforms from Democrats and Republicans on Wednesday, when he appeared in front of the House Financial Services Committee.
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.