WASHINGTON, D.C. – A top US banking regulator offered his resignation on Monday after an independent report found evidence of widespread sexual misconduct and a 'patriarchal' culture at the agency he leads.
WASHINGTON, D.C. – A top US banking regulator offered his resignation on Monday after an independent report found evidence of widespread sexual misconduct and a 'patriarchal' culture at the agency he leads.'In light of recent events, I am prepared to step down from my responsibilities once a successor is confirmed,' Federal Deposit Insurance Corp. Chairman Martin Gruenberg said in a statement.
'The report, which was published earlier this month, found the FDIC had 'failed to provide a workplace safe from sexual harassment, discrimination and other interpersonal misconduct,' and that a 'patriarchal, insular and risk-averse culture' existed at the agency.It said that a 'widespread fear of retaliation' had led to underreporting of misconduct, and that the response from management had been 'insufficient and ineffective.
FDIC Chief Offers To Resign From Post
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