Following reports of a toxic workplace culture and sexual harassment at the U.S. Federal Deposit Insurance Corp (FDIC), a special committee, co-chaired by acting Comptroller of the Currency Michael Hsu and FDIC board member Jonathan McKernan, will conduct an independent review. FDIC Chair Martin Gruenberg, implicated in the reports, will not be involved. The board aims to address allegations of harassment and promote accountability. The move comes after over 20 women reported a pervasive culture of harassment. Calls for Gruenberg’s resignation underscore the challenges to his authority. The special committee seeks to ensure an unbiased examination of the situation.
FDIC Establishes Special Committee to Investigate Workplace Culture Amid Harassment Allegations
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