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FDIC Chair Martin Gruenberg said Monday that he is prepared to step down, a shake-up that could have implications for an aggressive campaign to impose tougher regulations on US banks.
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 ...
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 ...
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 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. "There is a deficit of trust and your credibility has been undermined,” said Rep. Ayanna Pressley, D-Massachusetts, at Wednesday's hearing.
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.
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 ...
Martin James Gruenberg (born April 1, 1953) is an American attorney who previously served as chairman of the Federal Deposit Insurance Corporation (FDIC). [1] Gruenberg previously served as FDIC chairman from 2023 to 2025; 2012 to 2018; as well as on an acting basis from 2005 to 2006 and 2011 to 2012.