FDIC Chair resigns after toxic workplace report

by ian

The Chair of the Federal Deposit Insurance Corp. has announced his resignation after a scathing report.

According to a recent probe, the federal agency has been characterized by widespread sexual harassment, discrimination and racism. FDIC Chair Martin Gruenberg announced in a statement yesterday that he will step down from his role following that report.

The chairman of the Senate Committee of Banking said in a statement that “there must be fundamental changes at the FDIC.

“Those changes begin with new leadership, who must fix the agency’s toxic culture and put the women and men who work there – and their mission – first,” the statement reads.