Democrats Batter Bank Regulator Over F.D.I.C.’s ‘Toxic’ Workplace Culture
Posted inBanking and Financial Institutions Democratic Party Federal Deposit Insurance Corp Gruenberg, Martin J House Financial Services Committee Regulation and Deregulation of Industry Republican Party Sexual Harassment Wall Street Journal

Democrats Batter Bank Regulator Over F.D.I.C.’s ‘Toxic’ Workplace Culture

The agency’s chair, Martin Gruenberg, has resisted Republicans’ calls to resign, but criticism by his own party raises questions about how long he can hang on.
Under Fire for ‘Toxic’ Work Culture, Bank Regulator Apologizes Again
Posted inBanking and Financial Institutions Ethics and Official Misconduct Federal Deposit Insurance Corp Gruenberg, Martin J Regulation and Deregulation of Industry United States Politics and Government

Under Fire for ‘Toxic’ Work Culture, Bank Regulator Apologizes Again

A scathing report revealed a culture of widespread sexual harassment and discrimination at the Federal Deposit Insurance Corporation. Martin Gruenberg will testify on Capitol Hill starting on Wednesday.
SVB Hearing Takeaways: Bank Failures Spur a Blame Game, But Few Solutions
Posted inBarr, Michael S Federal Deposit Insurance Corp Federal Reserve System Gruenberg, Martin J Liang, Nellie Regulation and Deregulation of Industry Senate Signature Bank Silicon Valley Bank Treasury Department

SVB Hearing Takeaways: Bank Failures Spur a Blame Game, But Few Solutions

Senators sharply questioned federal regulators about shortcomings in oversight after two bank failures rattled the financial system. Regulators put the blame on the banks’ management.