Federal Deposit Insurance Corp. Chairman Martin Gruenberg faced a second day of questioning on Capitol Hill regarding the agency's workplace culture. The focus of the hearing at the Senate Banking Committee was on oversight of financial regulators, but discussions largely centered on the toxic environment at the FDIC highlighted in a recent report.
An independent review by law firm Cleary Gottlieb Steen & Hamilton revealed a workplace culture at the FDIC that allowed for 'hostile, abusive, unprofessional, or inappropriate conduct.' The report detailed over 500 complaints from employees, including instances of stalking, harassment, homophobia, and other violations of employment regulations.
