FDIC chairman Martin Gruenberg to step down, White House says
Time:2024-05-22 03:51:44 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.
You may also like
- These hilarious notices will make you do a double take
- China calls on G20 members to advance partnership spirit
- China to relax foreign investment rules amid further opening up
- Chinese firms popular at Egypt's largest medical expo
- David Ortiz is humbled by being honored in New York again; this time for post
- Profile: Xi Jinping Steers Decade of Reform Toward Chinese Modernization
- Insights丨Foreign experts: The world draws lessons on China’s integrated urban
- Xi Presents Order to Promote Military Officers to Rank of General
- Student fatally shot, suspect detained at Georgia's Kennesaw State University