FDIC Chair Martin Gruenberg Announces January Retirement

Gruenberg's departure comes as President-elect Trump prepares to appoint new leadership.

Martin Gruenberg, the longest-serving board member of the FDIC, will retire on January 19, 2025.
His retirement allows President-elect Donald Trump to appoint new leadership to the FDIC.
Gruenberg's decision follows allegations of misconduct and leadership criticism within the FDIC.
Travis Hill, the current vice chair and a Republican, is considered a potential successor.
Gruenberg has been a prominent figure in financial regulation, known for his work on the Community Reinvestment Act and responses to banking crises.