FDIC Chairman Martin Gruenberg Pressured to Resign Amid Harassment Allegations

Senate Banking Committee members demand Gruenberg's resignation following a Wall Street Journal investigation revealing a toxic workplace culture at the FDIC.

Senate Banking Committee members, led by Sen. Tim Scott, are calling on FDIC Chairman Martin Gruenberg to resign amid allegations of fostering a hostile workplace culture.
The allegations against Gruenberg and the FDIC include sexual harassment, discrimination, and a culture of heavy drinking, as reported by a Wall Street Journal investigation.
The investigation involved interviews with over 100 current and former FDIC officials, painting a picture of an agency where lewd behavior was tolerated and encouraged.
The senators have asked Gruenberg to respond to more than a dozen questions about his alleged conduct and have requested records related to the allegations.
The FDIC has established a special board committee to investigate the claims, but the senators believe this is insufficient and are calling for Gruenberg's resignation.