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:
UK lawmakers will vote on a landmark bill aiming to create the country's first smokeTravel fanatic who spent $530 for a ONEArmenia insists top UN court has jurisdiction to hear case accusing Azerbaijan of racial hatredApple CEO says that he wants to increase investments in VietnamArgentina buys 24 of Denmark's aging FBeijing's Yanqing district ready for Labor Day travel rushChina's tourism industry witnesses surge in runKoke extends Atletico Madrid contract until 2025Mom is arrested after leaving her son, 8, and daughter, 6, in her highChina's Dunhuang, French museum to co
3.5625s , 5762.625 kb
Copyright © 2024 Powered by FDIC chairman Martin Gruenberg to step down, White House says ,Horizon Herald news portal