FDIC Forms Special Committee to Investigate Allegations of Sexual Harassment and Toxic Workplace Culture

FDIC Chairman Martin Gruenberg, Accused of Misconduct, Excluded from the Review Process

The FDIC has formed a special committee to investigate allegations of sexual harassment, misogyny, and partying within the organization.
The committee will be chaired by FDIC board members Michael Hsu and Jonathan McKernan, and will operate independently from the FDIC board.
FDIC Chairman Martin Gruenberg, who has faced allegations of misconduct, will not be involved in the review.
The investigation follows a Wall Street Journal report detailing a toxic workplace culture at the FDIC, based on interviews with over 100 current and former employees.
The House Financial Services Committee also plans to open an investigation into the FDIC and Gruenberg's conduct.