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FDIC chair Gruenberg steps down after harassment review
Hundreds of reports of inappropriate behaviour at FDIC have come to light
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Martin Gruenberg, chair of the US Federal Deposit Insurance Corporation, is stepping down after a review found the regulator had failed to deal with widespread cases of misconduct, including complaints against the chair himself.
“In light of recent events, I am prepared to step down from my responsibilities once a successor is confirmed,” Gruenberg said on May 20. Until then he said he will continue to lead efforts to improve the FDIC’s workplace culture.
The law firm Cleary Gottlieb released a
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