FDIC chairman Martin Gruenberg to step down, White House says
Time:2024-05-21 20:47:58 Source:sportViews(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.
Previous:Target to lower prices on basic goods in response to inflation
Next:Who is Abi Carter? Inside the American Idol winner's unconventional family life
You may also like
- Shooting injures 2 at Missouri high school graduation ceremony
- Bangladesh mulls to suspend services of Facebook, YouTube: minister
- Space devices help taikonauts maintain their health in zero gravity
- Yemen's Houthis claim missile attacks on British, Israeli, U.S. ships
- This Week: Home sales, Fed meeting minutes and consumer sentiment index
- Putin says Moscow terror attack committed by radical Islamists, more questions remain
- China's State Council to revise, repeal administrative regulations
- Bahraini marathon runner Kimutai suspended three years for doping
- Trump film shocks Cannes as former US President is depicted 'raping' his then