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
Tamara Ecclestone is criticised as her daughter Fifi, 10, heads out wearing heavy make
Tamara Ecclestone has been criticised after her 10-year-old daughter Fifi headed out wearing heavy m2024-05-21Ruiz and Lipscomb help the Nationals beat the White Sox 6
CHICAGO (AP) — Keibert Ruiz and Trey Lipscomb each hit an RBI single during Washington’s three-run e2024-05-21- PRAGUE (AP) — Canada squandered a five-goal lead in the third period before John Tavares scored 15 s2024-05-21
My neighbour's garden lights keep me awake
A neighbour has a large number of lights in her back garden, which stay on all night. There are stri2024-05-21Defending champion South Carolina to open season in Las Vegas against Michigan
COLUMBIA, S.C. (AP) — Defending national champion South Carolina has another splashy opening planned2024-05-21Ruiz and Lipscomb help the Nationals beat the White Sox 6
CHICAGO (AP) — Keibert Ruiz and Trey Lipscomb each hit an RBI single during Washington’s three-run e2024-05-21
atest comment