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Senate confirmation of new FDIC Chairman by end of 2024?
5
Senate Banking Committee•Sherrod Brown•Joe Biden•Federal Deposit Insurance Corporation•FDIC•Martin Gruenberg•Brown
Resolution / Starting Odds
Confirmed • 50%
Not Confirmed • 50%
Official Senate announcement or major news outlets reporting
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FDIC Chairman Martin Gruenberg to Resign Amid Sexual Harassment Probe, Sherrod Brown Calls for New Leadership
May 20, 2024, 08:59 PM
Senate Banking Committee Chairman Sherrod Brown has called on President Joe Biden to nominate new leadership for the Federal Deposit Insurance Corporation (FDIC) following a damning report detailing a toxic workplace culture, including widespread sexual harassment and bullying. Current FDIC Chairman Martin Gruenberg has announced his intention to resign once a successor is confirmed. This move comes after significant pressure from both political figures and an independent investigation that highlighted serious misconduct within the agency. Brown emphasized the need for immediate action to restore confidence and stability in the FDIC. The sexual harassment probe was a significant factor in the call for new leadership.
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Current Vice Chair of FDIC • 25%
A former FDIC executive • 25%
A financial regulatory expert • 25%
Other • 25%
Martin Gruenberg remains as Chair • 25%
New Chair appointed by Biden • 25%
Interim Chair appointed • 25%
Position remains vacant • 25%
Current FDIC Deputy Chair • 33%
A member of the House Financial Services Committee • 33%
An external candidate with a regulatory background • 34%
Broad support across parties • 33%
Opposition from Republicans • 33%
Opposition from Democrats • 34%