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:
Related suggestion:
Sean 'Diddy' Combs: What we know about the accusations against himTransport leader says 10Malaysia considers hosting 'downsized' Commonwealth GamesBoeing 737 found to have missing panel after landingHamas says it will continue negotiating for ceasefire as Ramadan nearsMan charged with murder of Hori GageGovernment warns against travel to Gaza, Israel border regionsSean 'Diddy' Combs: What we know about the accusations against himSUMO/ Takerufuji grabs title on makuuchi debut, breaks 110Sydney police officer praised for stopping alleged shopping mall attacker
3.3476s , 6497.0234375 kb
Copyright © 2024 Powered by FDIC chairman Martin Gruenberg to step down, White House says ,Culture Canvas news portal