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WEKU
WEKU
Scott Horsley

Toxic culture is the norm at the FDIC, outside review cites 500 employee complaints

Federal Deposit Insurance Corporation Chairman Martin Gruenberg apologized to employees Tuesday, after an outside review found a toxic workplace culture at the agency. (Saul Loeb/AFP via Getty Images)

An outside review of the Federal Deposit Insurance Corporation found a toxic workplace where hundreds of employees complained of sexual harassment, discrimination and other misconduct which went largely ignored by the agency's management.

The investigation was commissioned after a scathing report last fall in the Wall Street Journal, which documented strip club visits, lewd messages, heavy drinking and bullying at the government agency, which is responsible for safeguarding Americans' bank deposits.

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