The chairperson of the Federal Deposit Insurance Corporation will step down
2024-05-20 23:09:05
Martin Gruenberg is stepping down as head of the Federal Deposit Insurance Corporation after an investigation into toxic working conditions put the regulator at the centre of a bitter political battle and prompted calls for the chairperson to step down. Pressure is mounting on Mr. Gruenberg, 71, who said in a statement: "In light of recent events, I am prepared to step down when a successor is identified."
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