FDIC chairman Martin Gruenberg to step down, White House says
Time:2024-05-21 23:52:03 Source:worldViews(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:Norwegian Cruise Line, Wix.com rise; Cushman & Wakefield, Target fall, Monday, 5/20/2024
Next:Tamara Ecclestone is criticised as her daughter Fifi, 10, heads out wearing heavy make
You may also like
- Nina Dobrev hospitalized with a neck brace due to serious e
- CPC Leadership Meeting Stresses Implementing Decisions, Plans of Key Party Congress in Unity
- Peng Liyuan Visits National Museum of China with Philippine First Lady
- Xi Sends Congratulatory Letter to 5th Arabic Arts Festival
- Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
- Chinese, Czech Presidents Hold Virtual Meeting
- Xi Focus: Xi Stresses Efforts to Modernize Judicial, Procuratorial, Public Security Work
- Country plays leading role in intl patent application
- US overdose deaths dropped in 2023, the first time since 2018