The White House said Martin Gruenberg will step down once a successor is appointed and that President Joe Biden will name a replacement "soon." The announcement came after the top Democrat on the Senate Banking Committee earlier Monday called for Gruenberg's removal.
Chairman Martin Gruenberg was grilled for two days last week on Capitol Hill in hearings largely focused on the FDIC's workplace culture and the failures disclosed in the report prepared by an outside law firm.
The chairman of the Federal Deposit Insurance Corporation will step down from his post once a successor is appointed. The White House said Monday that President Joe Biden will name
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