Investigations into the ongoing scandals at the Federal Deposit Insurance Corporation (FDIC) may be coming to a head. On Tuesday, law firm Cleary Gottlieb Steen & Hamilton released a report detailing the results of their investigation into harassment and hostile work environments at the FDIC.
The report released Tuesday that chronicled yearslong harassment and abuse of employees at the FDIC is kicking off a new round of questions about the future of agency head Martin Gruenberg — with the fate of Biden-era regulators’ banking agenda hanging in the balance.
The independent inquiry confirmed a workplace culture rife with pervasive sexual misconduct, discrimination and retaliation. The report by law firm Cleary Gottlieb Steen & Hamilton didn’t call for Gruenberg’s departure and said he wasn’t a root cause of the behavior. But the investigators pointedly questioned whether he…
