FDIC chairman Martin Gruenberg to step down, White House says
Time:2024-05-22 00:03:26 Source:politicsViews(143)
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.
You may also like
- Fresh heartache for cancer
- Forget what you saw in Sex and the City! Most singletons are actually introverts, study finds
- California is poised for major earthquake THIS YEAR
- How community groups helped hundreds of migrants bused in from Texas
- College baseball notebook: Conference tournaments to decide NCAA automatic bids and many at
- Struggling Chinese developer Evergrande warns it could run out of money
- Sydney Police searching for an officer over disappearance of two men
- I used ChatGPT to go on hundreds of Tinder dates
- Children are evacuated from school 'during an exam' after threat made via email