The nation’s embattled chief regulator of federal banks, identified in an independent audit as easily angered and quick to berate employees, deliberately spoke softly and measuredly Wednesday on Capitol Hill as he fended off calls for his resignation.
Martin Gruenberg, chairman of the Federal Deposit Insurance Corp., explained, apologized, and took responsibility after the audit last week found poor management and allegations of discrimination and sexual harassment.
“I accept the findings of the report and as chairman, I take full responsibility,” Gruenberg said early in the hearing before the House Financial Services Committee. “To anyone who has experienced sexual harassment, discrimination, or other misconduct at FDIC, I again personally want to apologize and express how deeply sorry I am. I also acknowledge my own failures as chairman both in failing [to…
