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:
Planning for potential presidential transition underway as Biden administration kicks it offTrump promised big plans for Black and Latino voters. Republicans are waiting for themVibrant Q1 consumption mirrors China's economic staminaKorey Cunningham, a former NFL lineman, found dead in his New Jersey home. He was 28China issues guidelines on regionHaniger hits grand slam in Mariners' 6Tornado tears through Nebraska, causing severe damage in Omaha suburbsClosing prices for crude oil, gold and other commoditiesSheriff's deputies fatally shoot driver while serving a highWoman pleads guilty to being accessory in fatal freeway shooting of 6
3.4122s , 5762.6328125 kb
Copyright © 2024 Powered by FDIC chairman Martin Gruenberg to step down, White House says ,International Image news portal