FDIC Chair Gruenberg to Establish New Office Amid Workplace Conduct Crisis

Gruenberg commits to cultural overhaul after extensive reports of harassment and discrimination surface.

Gruenberg to testify before Congress, pledging to address misconduct issues at the FDIC.
Over 500 employees reported instances of harassment, discrimination, and retaliation.
An independent review highlighted a 'hostile, abusive, and unprofessional' work environment.
Gruenberg faces calls for resignation but aims to implement all recommended changes.
Democrats face challenges in replacing Gruenberg without disrupting financial regulatory agenda.