YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Federal Deposit Insurance Corp. Chair Martin Gruenberg announced plans to resign.
Gruenberg, who has been chair of the agency for nearly 10 of the past 13 years, has reportedly led a problematic culture at the FDIC. The agency commissioned a report that confirmed the findings of a Wall Street Journal article detailing a toxic work environment.
“In light of recent events, I am prepared to step down from my responsibilities once a successor is confirmed,” Gruenberg said in a statement on Monday. “Until that time, I will continue to fulfill my responsibilities as chairman of the FDIC, including the transformation of the FDIC’s workplace culture.”
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