FDIC chairman Martin Gruenberg to step down, White House says
Release time：2024-05-22 04:01:49 Source：Culture Corridor news portal
NEW YORK (AP) — The White House said Monday that the chairman of the Federal Deposit Insurance Corporation will step down, a departure that follows the release earlier this month of a damning report about the agency’s toxic workplace culture.
The White House said Martin Gruenberg will step down once a successor is appointed and that President Joe Biden will name a replacement “soon.” The announcement came after the top Democrat on the Senate Banking Committee earlier Monday called for Gruenberg’s removal.
Biden expects the FDIC “to reflect the values of decency and integrity and to protect the rights and dignity of all employees,” Deputy Press Secretary Sam Michel said in a statement.
The FDIC is one of several U.S. banking system regulators. The Great Depression-era agency is best known for running the nation’s deposit insurance program, which insures Americans’ deposits up to $250,000 in case their bank fails.
- Previous：Mohammad Mokhber: Who is Iran’s acting president?
- Next：Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
Related articles
- Six killed in a 'foiled coup' in Congo, the army says
- Are US interest rates high enough to beat inflation? The Fed will take its time to find out
- Slovakia upsets the US in OT at ice hockey worlds and Finland eases past Norway
- Virginia General Assembly poised to vote on compromise budget deal reached with Youngkin
- Ricky Stenhouse punching Kyle Busch could lead to suspension
- Mother of three Helen Ryvar uses early morning routine to become record
- Prince William reveals he 'keeps an eye' on Ukraine as he meets woman from the war
- British boxer dies after being knocked down in pro debut
- DR MARTIN SCURR: How losing your hearing may cause dementia
- Never mind faux
- DR MARTIN SCURR: How losing your hearing may cause dementia
- Polish activists criticize Tusk's government for tough border policies and migrant pushbacks
- Fans flock to Paris to cheer as Lise Davidsen becomes classical music's Taylor Swift
- Replacement of Milwaukee election official unrelated to 2020 election
- Inquiry slams UK authorities for failures that killed thousands in infected blood scandal
- Revealed: England's 'postcode lottery' of maternity care laid bare in interactive map and table
- 20 of the best villas in Portugal (from £27 per person a night)
- Polish activists criticize Tusk's government for tough border policies and migrant pushbacks
- Wildfires sweep across Finland, straining rescue services
- China and US envoys will hold the first top
Random recommendation
- Copyright © 2024 Powered by FDIC chairman Martin Gruenberg to step down, White House says ,Culture Corridor news portal sitemap