FDIC Chairman Gruenberg Faces Mounting Calls to Resign Amid Harassment Scandal

A recent investigation reveals a long-standing culture of harassment at the FDIC, putting pressure on Chairman Martin Gruenberg and sparking political debates.

An independent report documents widespread sexual harassment and misconduct at the FDIC, affecting nearly one in ten employees.
Republican and some Democratic lawmakers demand Gruenberg's resignation, citing the need for leadership change to reform the agency's culture.
The scandal could stall President Biden's financial regulatory agenda, with potential shifts in FDIC leadership affecting key banking rules.
Supporters defend Gruenberg, arguing the issues predate his tenure and criticizing the report for partisan bias.
Gruenberg pledges to implement reforms, including an action plan to address the misconduct and improve workplace conditions.