Lawmakers From Both Parties Grill FDIC Chair Over Scathing Report on Toxic Workplace Culture

House and Senate Republicans demanded that Martin Gruenberg, the Federal Deposit Insurance Corporation (FDIC) head, step down following a scathing report that identified various instances of misconduct across the banking regulator. Mr. Gruenberg, alongside Fed Vice Chair for Supervision Michael Barr and Comptroller of the Currency Michael Hsu, appeared before the House Financial Services Committee and the Senate Banking Committee this week. Lawmakers on both sides of the aisle grilled the FDIC chief for overseeing a workplace that was rife with “sexual harassment, discrimination, and other interpersonal misconduct” for years. “I think you ought to resign,” said Sen. John Kennedy (R-La.), who asked Mr. Gruenberg to turn around and apologize to his female staffers....