FDIC Faces Allegations of 'Toxic' Work Culture, Sexual Harassment

Agency Announces Independent Investigation Following Wall Street Journal Report

The Federal Deposit Insurance Corporation (FDIC) is facing allegations of a 'toxic' work culture, including sexual harassment and heavy drinking, according to a Wall Street Journal report.
The report details instances where supervisors invited staff to strip clubs, and male workers sent unsolicited nude pictures to female colleagues.
The FDIC, an independent agency that insures deposits and examines banks, has been criticized for failing to take action against these alleged incidents.
The FDIC has announced plans to conduct periodic reviews of its policies and programs around harassment and discrimination, and has brought on an independent agency to investigate the allegations.
The allegations come as the FDIC and other banking organizations face scrutiny in the wake of the #MeToo movement.