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International Business Times
International Business Times
World
Daniel AVIS

Top US Banking Regulator Offers Resignation After Toxic Workplace Report

Martin Gruenberg offered to resign after bipartisan calls for his resignation (Credit: AFP)

A top US banking regulator offered his resignation Monday after an independent report found evidence of widespread sexual misconduct and a "patriarchal" culture at the agency he leads.

"In light of recent events, I am prepared to step down from my responsibilities once a successor is confirmed," Federal Deposit Insurance Corporation (FDIC) chairman Martin Gruenberg said in a statement.

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