FDIC Chairman Gruenberg Resigns January 19 Amid Sexual Harassment Scandal

Nov 19, 2024, 05:01 PM

Martin Gruenberg, the Chairman of the Federal Deposit Insurance Corporation (FDIC), has announced his resignation effective January 19, 2025, just one day before Donald Trump's inauguration. His decision to step down comes six months after he initially said he would resign following a report investigating allegations of sexual harassment and a toxic work environment at the FDIC. Gruenberg's resignation is seen as a response to the findings of the investigation, which highlighted widespread issues within the agency.