Martin Gruenberg has faced criticism from Republicans and Democrats alike after an independent investigation revealed a range of workplace issues at the FDIC.
Martin Gruenberg, chairman of the United States Federal Deposit Insurance Corporation (FDIC), will step down following a scathing investigation that revealed a toxic workplace culture at the bank regulator.
On May 20, Martin Gruenberg said he was prepared to step down from his position as chair of the FDIC which he has headed since August 2005.
“In light of recent events, I am prepared to step down from my responsibilities once a successor is confirmed,” he said in an email to staff before adding, “Until that time, I will continue to fulfill my responsibilities as Chairman of the FDIC, including the transformation of the FDIC’s workplace culture.”
