FDIC chair is grilled on Capitol Hill after report outlines agency's toxic workplace culture

FILE - The Federal Deposit Insurance Corporation seal is shown outside its headquarters, March 14, 2023, in Washington. An independent review released Tuesday, May 7, 2024, of the Federal Deposit Insurance Corp. 's workplace culture describes an environment that fostered “hostile, abusive, unprofessional, or inappropriate conduct," and questions whether the agency's chairman is credible to lead the agency through a cultural transformation. Federal Deposit Insurance Corp.

Complaints included a woman who said she was stalked by a coworker and continually harassed even after complaining about his behavior; a field office supervisor referring to gay men as “little girls"; and a female field examiner who described receiving a picture of an FDIC senior examiner’s private parts.

“Marty — you’ve heard me say this to you directly — you should resign," Scott said. "Your employees do not have confidence in you. And this is not a single incident. This spans over a decade-plus of your leadership at the FDIC.” “Chair Gruenberg, it’s up to you to prove to the public and to your employees that you are that leader, and are able to restore confidence in the FDIC,” Committee Chair Sen. Sherrod Brown said.

Source: Financial Digest (financialdigest.net)

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