FDIC Chair Pressured to Resign Amid Widespread Sexual Harassment Allegations

Acting Labor Secretary Julie Su faces intense scrutiny in Senate hearings over failure to address FDIC's toxic workplace culture.

A damning report reveals systemic sexual harassment within the FDIC, prompting calls for Chair Martin Gruenberg's resignation.
Senator John Kennedy criticizes Su for not committing to investigate the FDIC despite nearly 10% of employees reporting misconduct.
The controversy highlights potential impacts on financial regulation, with fears that Gruenberg's resignation could stall key reforms.
Su hesitates on demanding senior FDIC leadership changes, despite pressure from both Republican and Democratic lawmakers.
The FDIC struggles with a misogynistic and outdated culture, as described in a recent investigative report.