Overview

• The Federal Deposit Insurance Corp. (FDIC) canceled a public meeting of its board scheduled for Thursday, following allegations of a toxic workplace environment and sexual misconduct.
• The allegations, which were revealed in a Wall Street Journal investigation, have led to many female bank examiners leaving the FDIC over the years.
• FDIC Chairman Martin Gruenberg, who has been at the agency since 2005, said he was 'deeply troubled' by the accounts and was previously unaware of the allegations.
• The FDIC board was scheduled to finalize a plan to reimburse a federal deposit insurance fund for billions in losses tied to the collapse of two large banks in March.
• The Republican chairman of the House Financial Services Committee, Rep. Patrick McHenry, said the panel would conduct a 'rigorous investigation' into the allegations.