FDIC Chairman to Resign Following Scathing Workplace Culture Report

Martin Gruenberg will step down after an investigation revealed widespread harassment and misconduct at the agency.

An independent report found the FDIC's workplace culture to be misogynistic and discriminatory.
The report detailed numerous incidents of sexual harassment, bullying, and retaliation against employees.
Gruenberg has faced bipartisan calls for his resignation following the report's release.
Possible successors include current Biden administration financial regulators with Senate confirmation experience.
The White House aims to nominate a replacement quickly to maintain regulatory stability.