FDIC Chair Faces Pressure From Lawmakers to Resign Over New Misconduct Claims

Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg faces growing pressure to resign from Republican lawmakers over additional claims that the agency tolerated a toxic environment and inappropriate behavior. The Wall Street Journal published two reports last week, revealing a climate of alleged workplace misconduct and sexual harassment. According to the newspaper’s reporting, which featured interviews with more than 100 current and former employees, an agency official left a voicemail cursing at an employee. After the incident, the FDIC allegedly paid out a $100,000 settlement, and the individual received a promotion soon after. “Female examiners left the FDIC because of what they say was a sexualized, boys’ club environment and the belief they were consistently given fewer opportunities than their male counterparts,” the paper reported....