Learn more

Martin J. Gruenberg, Chairman of the Federal Deposit Insurance Corporation (FDIC), has announced his resignation from the agency. This decision comes on the heels of a scathing report that unveiled a widespread culture of sexual harassment, discrimination, and interpersonal misconduct within the organization. As the banking industry’s regulatory watchdog, the FDIC plays a crucial role in maintaining public confidence and stability in the financial system. Gruenberg’s departure, which is set to take effect once a successor is confirmed, has sent shockwaves through the sector, raising concerns a…

cuu