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FDIC Under Fire for Alleged Widespread Harassment

Former Chair Calls for Swift Action as Congressional and Internal Investigations Begin

  • FDIC faces allegations of widespread sexual harassment and a hostile work environment, leading to a decline in employee morale.
  • Former FDIC chair Sheila Bair calls for swift action and possible leadership changes.
  • FDIC's inspector general plans to launch a 'special inquiry' into how the agency's leadership has handled the allegations.
  • Congressional committees have also launched investigations into the FDIC's handling of the allegations.
  • Current FDIC Chair Martin Gruenberg has faced criticism and calls for his resignation.
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