FDIC chairman Martin Gruenberg to step down, White House says
Time:2024-05-21 21:13:22 Source:travelViews(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.
Previous:Sarah Jessica Parker divides opinion with enormous hat on set of And Just Like That
Next:Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
You may also like
- Benedict Cumberbatch looks suave as he joins his co
- Mainland says flight route adjustment benefits both sides of Taiwan Strait
- California's wealthiest farming family threatens to reshape small town with new mega
- Navy surgeon who operated on 12
- Red Lobster seeks bankruptcy protection after closing some restaurants
- AP weekly sports photo gallery
- 2 men accused of plotting Islamic State
- Mainland says flight route adjustment benefits both sides of Taiwan Strait
- Kate Hudson hits the stage to debut songs from her new album Glorious at star