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:
More Chinese people hit road for Dragon Boat FestivalAerial photos show wide devastation left by tornado in China's GuangzhouHumanitarian crisis in Gaza exposes Western double standard on human rightsNFL Draft 2024: ExMacao announces schedule for election of Chief Executive Election CommitteeState Councilor stresses need for elderly care meal services, continuous postGreater efforts urged on sciChina sees 160M domestic tourist trips during May Day holidayDubai plans to move its busy international airport to a $35 billion new facility within 10 yearsChina adopts law on customs duties
1.9157s , 6500.1640625 kb
Copyright © 2024 Powered by FDIC chairman Martin Gruenberg to step down, White House says ,Global Gazetteer news portal