FDIC chairman Martin Gruenberg to step down, White House says
Time:2024-05-22 00:27:05 Source:opinionsViews(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
- Farm family’s newest crop shows China’s solar ascendancy
- TikTok affirms commitment to upholding online safety
- China urges U.S. to cease sending wrong signals to "Taiwan independence" forces
- Xi signs order to promulgate regulations on honors for servicemen
- Justin Timberlake set to bring his The Forget Tomorrow World Tour to Australia in 2025
- Feature: China's satellite TV aid project enlightens remote rural villages in Africa
- China's thriving tech innovation a boon for emerging business forms
- China formally starts across
- Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry