When autocomplete results are available use up and down arrows to review and enter to select.
FDIC Chairman Martin Gruenberg said he is prepared to step down from his responsibilities at the agency once a successor is confirmed.
Gruenberg Statement: Gruenberg said he will continue to fulfill his responsibilities as chairman, including the transformation of the FDIC’s workplace culture, until a successor is confirmed. He said he has faithfully carried out the FDIC’s mission since he joined the board in August 2005.
Recent Hearings: Gruenberg testified twice last week before Congress at regulatory oversight hearings that largely focused on reports of misconduct at the FDIC. Following media reports, an independent review overseen by a special committee of the FDIC board found the agency failed to provide a workplace safe from misconduct and that management’s responses have been insufficient.
Congressional Response: House Financial Services Committee Chairman Patrick McHenry (R-N.C.) and other Republican lawmakers have called on Gruenberg to resign in the wake of the reports. Senate Banking Committee Chairman Sherrod Brown (D-Ohio) on Monday called on President Joe Biden to immediately nominate a new chairman and for the Senate to act on that nomination without delay.