FDIC Chair Gruenberg to Resign Following Confirmation of a Successor

FDIC Chairman Martin Gruenberg stated he would resign, following recent investigation into the agency’s workplace culture, which found widespread sexual harassment at the organization. Gruenberg plans to continue his duties and will resign once his successor has been confirmed. Gruenberg’s departure from the FDIC has the potential to complicate joint banking regulators’ plans to finalize the Basel 3 Endgame capital standards. 

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