FDIC chairman Martin Gruenberg to step down, White House says
NEW YORK (AP) — The White House said Monday that the chairman of the Federal Deposit Insurance Corporation will step down, a departure that follows the release earlier this month of a damning report about the agency’s toxic workplace culture.
The White House said Martin Gruenberg will step down once a successor is appointed and that President Joe Biden will name a replacement “soon.” The announcement came after the top Democrat on the Senate Banking Committee earlier Monday called for Gruenberg’s removal.
Biden expects the FDIC “to reflect the values of decency and integrity and to protect the rights and dignity of all employees,” Deputy Press Secretary Sam Michel said in a statement.
The FDIC is one of several U.S. banking system regulators. The Great Depression-era agency is best known for running the nation’s deposit insurance program, which insures Americans’ deposits up to $250,000 in case their bank fails.
Related articles
Celebrity birthdays for the week of May 26
Celebrity birthdays for the week of May 26-June 1:May 26: Sportscaster Brent Musburger is 85. Drumme2024-05-21Chinese geoscientists set new record on shelf coring
(Xinhua) 13:19, August 28, 2023GUANGZHOU, Aug. 26 (Xinhua) -- Chinese scientists said they have, for2024-05-21Meet the Real Housewives star who spent £25m on a 1,000
When a Canadian reality TV star and her plastic surgery tycoon husband bought a historic Kent castle2024-05-21Boston reliever Kenley Jansen says slick baseballs hard to control
BOSTON (AP) — Kenley Jansen is upset with the quality of baseballs.“I got to get better, but also if2024-05-21Analysis: Larson enters conversation with Verstappen as best drivers in the world
INDIANAPOLIS (AP) — Ask almost any hardcore motorsports fan who the best driver in the world is righ2024-05-21Enhanced technology ensures safety and efficiency of Chinese NEVs
(Xinhua) 17:08, September 26, 2023BEIJING, Sept. 26 (Xinhua) -- There has been a growing preference2024-05-21
atest comment