FDIC’s Workplace Probe Concludes With Call for Major Changes

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Federal Deposit Insurance,Martin Gruenberg,Credible Allegations

(Bloomberg) -- A probe into the Federal Deposit Insurance Corp.’s workplace found credible allegations of a toxic environment for bank examiners and that the...

-- A probe into the Federal Deposit Insurance Corp.’s workplace found credible allegations of a toxic environment for bank examiners and that the agency’s culture needs an overhaul, according to four people with direct knowledge of the findings.S&P 500 Extends Gains in Final Minutes of Trading: Markets Wrap

The investigation was prompted by a Wall Street Journal article in November that reported female bank examiners had left the FDIC because of its “sexualized, boys’ club environment.” FDIC Chairman Martin Gruenberg said at the time that he was “deeply troubled” by the report, and that the agency had no tolerance for the alleged misconduct in its workplace.The review found the article’s description of the workplace culture to be credible, said the people.

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Nearly two years after a federal judge said that Louisiana’s congressional map diluted Black voting power, Black voters are at risk of voting for a second time in an election under a plan that likely violates the Voting Rights Acts.OTTAWA — Conservative Leader Pierre Poilievre is telling business leaders to fight their own battles when it comes to the Liberals' proposed changes to capital gains taxation.

 

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FDIC’s Workplace Probe Concludes With Call for Major ChangesA probe into the Federal Deposit Insurance Corp.’s workplace found credible allegations of a toxic environment for bank examiners and that the agency’s culture needs an overhaul, according to four people with direct knowledge of the findings.
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