Martin Gruenberg – The News Desk

FDIC Hires Law Firm Cleary Gottlieb to Handle Workplace Culture Review

12Dec

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Money

FDIC Hires Law Firm Cleary Gottlieb to Handle Workplace Culture Review

A special committee at the Federal Deposit Insurance Corp. said it had hired the law firm Cleary Gottlieb Steen & Hamilton LLP to conduct a review into the workplace culture, replacing another previously hired law firm nearly a month after The Wall Street Journal revealed allegations of harassment and discrimination pervaded the agency.Led by former acting Manhattan U.S. Attorney Joon Kim, Cleary Gottlieb will examine allegations of sexual harassment and misconduct as well as other issues related to the workplace culture, including “any practices that might discourage or otherwise deter the reporting of, or appropriate response to, harassment and interpersonal misconduct,” the special committee said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5edd...

11Dec

By adminNo Comments

World

FDIC Hires Law Firm Cleary Gottlieb to Handle Workplace Culture Review

A special committee at the Federal Deposit Insurance Corp. said it had hired the law firm Cleary Gottlieb Steen & Hamilton LLP to conduct a review into the workplace culture, replacing another previously hired law firm nearly a month after The Wall Street Journal revealed allegations of harassment and discrimination pervaded the agency.Led by former acting Manhattan U.S. Attorney Joon Kim, Cleary Gottlieb will examine allegations of sexual harassment and misconduct as well as other issues related to the workplace culture, including “any practices that might discourage or otherwise deter the reporting of, or appropriate response to, harassment and interpersonal misconduct,” the special committee said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5edd...

Two GOP Lawmakers Demand Records From FDIC

21Nov

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Money

Two GOP Lawmakers Demand Records From FDIC

Updated Nov. 20, 2023 12:16 pm ETTwo Republican lawmakers on the House Oversight Committee are investigating allegations of a toxic workplace at the Federal Deposit Insurance Corp., sending a letter to the agency Monday requesting records and a briefing by senior officials.In a letter to FDIC Chairman Martin Gruenberg, Reps. Lisa McClain of Michigan and Andy Biggs of Arizona wrote that the agency “may have turned a blind eye to sexual harassment and discrimination within its staff.”Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Embattled FDIC Chief Takes Responsibility for Toxic Workplace Culture

18Nov

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Money

Embattled FDIC Chief Takes Responsibility for Toxic Workplace Culture

Federal Deposit Insurance Corp. Chairman Martin Gruenberg took responsibility and apologized for the agency’s workplace culture in a video to staff Friday, while indicating he doesn’t plan to bow to pressure from Republican senators to resign.“As chairman, I am ultimately responsible for the actions of our agency, both good and bad,” Gruenberg said in his second video message to staff this week. “I bear responsibility for setting the tone for our culture.”Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Republicans Heap Pressure on FDIC’s Gruenberg Over Claims of Toxic Workplace

17Nov

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World

Republicans Heap Pressure on FDIC’s Gruenberg Over Claims of Toxic Workplace

Updated Nov. 16, 2023 7:15 pm ETWASHINGTON—Republican senators called for Federal Deposit Insurance Corp. Chairman Martin Gruenberg to resign, while the GOP members of the agency’s board called for him to recuse himself from an investigation into allegations of a toxic workplace at the bank regulator.The comments came after The Wall Street Journal reported on allegations that Gruenberg had turned a blind eye to misconduct at the agency and revealed that the work environment had driven many female bank examiners to quit over the years. The agency canceled a public meeting of its board that had been scheduled for Thursday. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

16Nov

By adminNo Comments

Money

Republicans Heap Pressure on FDIC’s Gruenberg Over Claims of Toxic Workplace

Updated Nov. 16, 2023 2:30 pm ETWASHINGTON—Two Republican senators called for Federal Deposit Insurance Corp. Chairman Martin Gruenberg to resign, while the GOP members of the agency’s board called for him to recuse himself from an investigation into allegations of a toxic workplace at the bank regulator.The comments came after The Wall Street Journal reported on allegations that Gruenberg had turned a blind eye to misconduct at the agency and revealed that the work environment had driven many female bank examiners to quit over the years. The agency canceled a public meeting of its board that had been scheduled for Thursday. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

FDIC Promises to Address ‘Horrendous Treatment’ of Employees

15Nov

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Money

FDIC Promises to Address ‘Horrendous Treatment’ of Employees

Updated Nov. 15, 2023 11:30 am ETFederal Deposit Insurance Corp. Chairman Martin Gruenberg faced a second consecutive day of lawmakers demanding to know his planned actions in response to allegations of a toxic workplace at the agency, prompting him to pledge an update to Congress within 30 days.Rep. Maxine Waters of California, the top Democrat on the House Financial Services Committee, said she was “very troubled” by a Wall Street Journal report that surfaced allegations of harassment and discrimination at the agency stretching back a decade. She asked Gruenberg to provide a detailed written plan on steps the FDIC would take to address the problems within a month.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Lawmakers Grill FDIC Chairman Over Allegations of Misconduct at Agency

14Nov

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World

Lawmakers Grill FDIC Chairman Over Allegations of Misconduct at Agency

Nov. 14, 2023 11:40 am ETSenators on Tuesday questioned Federal Deposit Insurance Corp. Chairman Martin Gruenberg over the agency’s handling of allegations of harassment and discrimination revealed by a Wall Street Journal investigation.Gruenberg told a Senate panel he is “personally disturbed and deeply troubled” by the allegations. He said he was previously unaware of the allegations of workplace problems before the Journal article. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

FDIC Hires Independent Firm to Conduct Assessment Into Alleged Harassment and Discrimination at Agency

13Nov

By adminNo Comments

Money

FDIC Hires Independent Firm to Conduct Assessment Into Alleged Harassment and Discrimination at Agency

Updated Nov. 13, 2023 1:02 pm ETThe Federal Deposit Insurance Corp. has hired an independent firm to conduct a “top-to-bottom assessment” of alleged harassment and discrimination at the banking regulator, its chairman told staff Monday, hours after The Wall Street Journal published an investigation that found a longtime toxic atmosphere prompted women to quit the agency.In a three-minute video to staff reviewed by the Journal, Chairman Martin Gruenberg said the article “raises some serious allegations about the FDIC workplace” and said the firm would contact employees to solicit their confidential input. He didn’t specify which firm the agency had hired.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

13Nov

By adminNo Comments

World

FDIC Hires Independent Firm to Conduct Assessment Into Alleged Harassment and Discrimination at Agency

Updated Nov. 13, 2023 1:02 pm ETThe Federal Deposit Insurance Corp. has hired an independent firm to conduct a “top-to-bottom assessment” of alleged harassment and discrimination at the banking regulator, its chairman told staff Monday, hours after The Wall Street Journal published an investigation that found a longtime toxic atmosphere prompted women to quit the agency.In a three-minute video to staff reviewed by the Journal, Chairman Martin Gruenberg said the article “raises some serious allegations about the FDIC workplace” and said the firm would contact employees to solicit their confidential input. He didn’t specify which firm the agency had hired.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8