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. |
Spring gala held in Hong KongSecondhand economy a winDiscount retailers making mark among priceFrench president visits NW China's Xi'anXi Meets Vietnamese PresidentSpring flower season boosts tourism industry in Hanzhong, NW ChinaSpring flower season boosts tourism industry in Hanzhong, NW ChinaChinese airlines increasing flights to U.S.Chengdu emerges as drone hub in western ChinaHow China's new energy competitiveness becomes its new sin