Senate Banking Chair Sherrod Brown calls for new FDIC leadership after misconduct report
Sen. Sherrod Brown, D-Ohio, on Monday called on President Joe Biden to replace Federal Deposit Insurance Corporation Chairman Martin Gruenberg after allegations of widespread sexual harassment and misconduct within the agency. There "must be fundamental changes at the FDIC," Brown, who chairs the Senate Committee on Banking, Housing, and Urban Affairs, said in a statement. "Those changes begin with new leadership, who must fix the agency's toxic culture and put the women and men who work there – and their mission – first." "That's why I'm calling on the President to immediately nominate a new Chair who can lead the FDIC at this challenging time and for the Senate to act on that nomination without delay," Brown continued.
