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:
Related suggestion:
David Beckham reveals his Netflix documentary director was mad at him over viral 'be honest' momentClosing prices for crude oil, gold and other commoditiesWhy going to the gym could help to stop your voice from ageingI was left with secondDisney's streaming business turns a profit in first financial report since challenge to IgerNew York City jail guard suffers burns from body camera ignitingMinisters roll out a £64 million plan to help longNorris beats Verstappen for maiden F1 victoryPennsylvania Senate approves GOP's $3B taxUkraine says it foiled Russian plot to assassinate Zelenskyy
3.4275s , 6515.3671875 kb
Copyright © 2024 Powered by FDIC chairman Martin Gruenberg to step down, White House says ,Earth Examination news portal