FDIC Chair Says He’ll Resign Following Toxic Workplace Controversy

Published on May 20, 2024

Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg announced his resignation on May 20 and agreed to step down once a successor is confirmed, succumbing to a monthslong scandal over a toxic workplace culture at the regulator. After a 200-page report detailing “sexual harassment, discrimination, and other interpersonal misconduct” at the banking regulator was released on May 7, House and Senate lawmakers demanded that Mr. Gruenberg resign as FDIC chairman. “It has been my honor to serve at the FDIC as Chairman, Vice Chairman, and Director since August of 2005,” Mr. Gruenberg said in a statement. “Throughout that time I have faithfully carried out the critically important mission of the FDIC to maintain public confidence and stability in the banking system.”...

Continue reading on website
Other news

Man Allegedly Steals LAPD Vehicle, Ejects Female Officer

May 20, 2024
LOS ANGELES—An LAPD officer was injured May 19 when a man took her patrol SUV in downtown Los Angeles and ejected her from the vehicle before crashing it a few blocks away and attempting to flee, authorities said.The officer had been working a security detail in the area of 12th and Figueroa streets when the suspect approached her at about 3:30 a.m. and managed to enter her vehicle, according to t

GOP Sens. Ted Cruz, Katie Britt Introduce Federal Legislation to Protect IVF

May 20, 2024
Sens. Ted Cruz (R-Texas) and Katie Britt (R-Ala.) announced legislation on Monday to protect legal access to in vitro fertilization (IVF) treatments nationwide.The bill, known as the IVF Protection Act, comes after the Alabama Supreme Court ruled in February that embryos created through IVF are considered children under state law, thus providing them protection under the state’s wrongful death law