Senate Banking Chair Sherrod Brown calls for new FDIC leadership after misconduct report

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Senate Banking Chair Sherrod Brown calls for new FDIC leadership after misconduct report
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A recent report detailing a toxic culture at the FDIC described Chairman Martin Gruenberg as having a “temper” and a “short fuse.”

Sen. Sherrod Brown on Monday called on President Joe Biden to replace Federal Deposit Insurance Corporation Chairman Martin Gruenberg.

If Gruenberg were to leave the agency before a replacement is confirmed, the FDIC's board of directors would be politically deadlocked, jeopardizing the Biden administration's financial reform agenda.There"must be fundamental changes at the FDIC," Brown, who chairs the Senate Committee on Banking, Housing, and Urban Affairs, said in a.

"For far too many employees and for far too long, the FDIC has failed to provide a workplace safe from sexual harassment, discrimination, and other interpersonal misconduct," the report said.Target to lower prices on about 5,000 basic goods as inflation sends customers scrounging for deals

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