One of the United States' top banking regulators announced on Monday he would step down once President Joe Biden appoints a successor following bipartisan calls for his ouster over hundreds of accounts of sexual harassment and other misconduct at the Federal Deposit Insurance Corporation.
"In light of recent events, I am prepared to step down from my responsibilities once a successor is confirmed. Until that time, I will continue to fulfill my responsibilities as Chairman of the FDIC, including the transformation of the FDIC’s workplace culture," Chair Martin Gruenberg said in a statement on Monday. ...
Earlier on Monday Ohio Sen. Sherrod Brown, the chair of the Senate’s banking committee, called on Biden to replace Gruenberg, making Brown the highest-ranking Democrat to call for the replacement of the FDIC’s chair over what he described as the agency’s “toxic culture.”
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