#FDIC Chair #MartinGruenberg will resign after an outside report found #evidence of a “misogynistic” & “patriarchal” culture at the #banking regulator. #Gruenberg… announced Mon he would resign once President #Biden appoints & the Senate confirms a successor….
An independent investigation led by an outside law firm found rampant instances of #abusive workplace conduct…, incl’g #SexualHarassment, #stalking & inappropriate supervisor-subordinate relationships….
“Marty, you’ve heard me say this to you directly: You should resign,” Sen #TimScott (R-SC), the top #Republican on the #Senate#Banking Cmte, said. “Your employees do not have confidence in you. And this is not a single incident. This spans over a decade+ of your leadership at the #FDIC.”
Sen #SherrodBrown (D-OH), chair of the Banking Cmte, called on Mon for “new leadership” at the FDIC to “fix the agency’s toxic culture & put the women & men who work there —& their mission— first.”