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.