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
Sienna Miller's lookalike daughter Marlowe, 11, makes her first ever red carpet appearance
Sienna Miller was supported by her family on Sunday night, as she was joined by her boyfriend and da2024-05-22China holds cultural and tourism event in L.A. following resumption of group tours
A Chinese cultural tourism promotion activity was held in the western U.S. city of Los Angeles on Fr2024-05-22Chinese researchers develop new algorithm to recognize coronal mass ejections
Chinese researchers have developed a new algorithm to automatically derive kinematic parameters of c2024-05-22Yamamoto pitches six scoreless innings and Pages hits a 2
PHOENIX (AP) — Yoshinobu Yamamoto threw six scoreless innings, rookie Andy Pages hit a two-run homer2024-05-22Russian theater director and playwright go on trial over a play authorities say justifies terrorism
TALLINN, Estonia (AP) — A Russian court on Monday opened the trial of a theater director and a playw2024-05-22Cultural Site of Han Dynasty in Xuzhou
TheCultural Site of Han Dynastyin Xuzhou city, east China's Jiangsu province, is a national AAAA tou2024-05-22
atest comment