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The Independent UK
The Independent UK
National
Fatima Hussein

FDIC chair is grilled on Capitol Hill after report outlines agency's toxic workplace culture

Copyright 2023 The Associated Press. All rights reserved.

Federal Deposit Insurance Corp. Chairman Martin Gruenberg sat for a second day of grilling Thursday on Capitol Hill, this time at the Senate Banking Committee, after a damning report about the agency's toxic workplace culture was released last week.

The hearing was called to address oversight of financial regulators including the Office of the Comptroller and the Federal Reserve, but two days of testimony have largely focused on the workplace culture at the FDIC and failures, according to the report, by Gruenberg in preventing hundreds of instances of harassment and discrimination against employees.

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